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Loose Excel Sheet With Wrong Seller Name Can’t Justify On-Money Addition
Case Law Details
- Case Name
- Rajsheel Jitendra Patel Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2019-20
- Courts
- All ITAT, ITAT Ahmedabad
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Rajsheel Jitendra Patel Vs ITO (ITAT Ahmedabad)
Loose Excel Sheet With Wrong Seller Name Can’t Justify On-Money Addition; Joint Ownership Proven Through Society Records – Sec. 69 & Sec. 56 Additions Deleted
In this appeal filed by Rajsheel Jitendra Patel against the order passed u/s 147 r.w.s. 144C(13) pursuant to DRP directions, ITAT Ahmedabad examined two major additions: first, an alleged unexplained investment of Rs. 48,89,877/- said to be on-money in a Sky City Floris flat & second, Rs. 1,56,00,000/- treated as unexplained receipts arising from sale of a joint...
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