Addition on third-party information without corroborative evidence is unsustainable

Dr. Sreenivasulu Reddy Ponnaluru Vs ACIT (ITAT Bangalore)

ITAT Bangalore held that addition merely on the basis of third-party information, without any corroborative evidence, gathered by the Investigation Wing of the Department is unsustainable in law.

Facts-

The assessee is an ENT specialist having consultancy at Apollo Hospital, Chennai. The case was reopened pursuant to receipt of certain information from investigation wing which was

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