Addition u/s 69B based on incriminating material found during search action sustained

Anil Kantilal Shah Vs CIT (ITAT Mumbai)

ITAT Mumbai held that addition under section 69B of the Income Tax Act towards unexplained investment sustained excel sheet and whatsapp chat are incriminating material found and seized during the course of search action.

Facts- A search and seizure action u/s 132 of the Act was carried out on 26.11.2019 at the branch offices, site offices, residences of the partners and employee of M/s Narendrakumar & Company (Everest Masala Gro

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