No addition u/s 69A as sale consideration was not received by assessee in relevant year

DCIT Vs Vaishali Pigments Pvt. Ltd. (ITAT Pune) Conclusion: Additions made by AO on account of  unaccounted amount under Section 69A of Income Tax Act received on sale of plot at CIDCO, Aurangabad was to be deleted as amounts with regard to the sale of a certain plot were not received by the assessee as no incriminating material was found during search from the premises of the assessee and the amount was not received by assessee in the relevant assessment year. Held: Assessee-company was carrying out the business of manufacturing and trading of dies and pigments, but no business activity was ...