Addition u/s 69B based on document not containing name of assessee is unsustainable

Assistant Commissioner of Income-tax Vs Shroff Krishnarajasetty Satheesha (ITAT Bangalore)

ITAT Bangalore held that addition under section 69B of the Income Tax Act for unexplained investment solely on the basis of the document that didn’t contained name of the assessee is unsustainable as the same is outside the purview of definition of section 153C(1)(a) & (b).

Facts-

A search action u/s 132 of the Act was conducted in the case o

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