Common Name Can’t Justify Addition – Addition Based on Assumption Set Aside

DCIT Vs Pawan Kumar Agarwal (ITAT Lucknow) The Income Tax Appellate Tribunal (ITAT), Lucknow Bench, has dismissed an appeal filed by the Deputy Commissioner of Income Tax (DCIT) against Pawan Kumar Agarwal for the assessment year 2008-09. The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] to delete an addition of Rs. 1,13,40,000/- made by the Assessing Officer (AO) on account of alleged undisclosed income. The ruling emphasized the critical need for concrete evidence to establish the identity of an individual named in third-party seized documents and the impo...