Section 69A Addition Based on Unverified Third-Party Statement Deleted

Rucha Consultancy LLP Vs DCIT (ITAT Mumbai) Addition u/s. 69A based on third party statement without corroborative material liable to be deleted ITAT Mumbai held that addition under section 69A of the Income Tax Act on the basis of a third party statement without bringing any corroborative material is liable to be deleted. Accordingly, addition deleted and appeal of assessee allowed. Facts- The assessee is a limited liability partnership and it is engaged in the business of providing management consultancy services. A search and seizure action u/s. 132 of the Act was undertaken in the hands of...