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Dumb Documents & WhatsApp Chats Don’t Create Income – ITAT Quashes 153C, Deletes ₹22.5 Cr Addition
Case Law Details
- Case Name
- Raghav Kumar Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Delhi
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Raghav Kumar Vs ACIT (ITAT Delhi)
These appeals arose from search-based assessments initiated u/s 153C against Assessee based on WhatsApp chats & photos of envelopes allegedly found in the mobile phone of a third party (Mr. Praveen Kumar Jain) during search on the Hans Group. AO presumed that Assessee had given cash loan of ₹22.50 Cr to Mahagun India Pvt. Ltd. & received assured interest @12%, & accordingly made additions u/s 69 (unexplained investment) & u/s 69A (cash interest).
Assessee denied any such transaction, pointed out that his name did not even appe...
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