Addition U/s 69 Deleted; AO/CIT(A) Inconsistency & No On-Money Evidence – ITAT Mumbai

Mithlesh Amarnath Maurya Vs ITO (ITAT Mumbai)

Addition u/s 69 Deleted – No Evidence of On-Money Source Accepted in Spouse’s Case; Inconsistent Approach of AO/CIT(A) Rejected – ITAT Mumbai

The assessee faced addition of ₹57.24 lakh as unexplained investment in flat purchase and alleged on-money payment based on information from search on a builder group. CIT(A) granted partial relief by accepting housing loan of ₹42.50 lakh but sustained ₹14.74 lakh u/s

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