Extrapolation Without Evidence Invalid, ₹77.27 Lakh Deletion Upheld

DCIT Vs Jaswinder Kaur Grewal (ITAT Chandigarh) Extrapolated SCO Value Rejected Again: ITAT Chandigarh Upholds Deletion of ₹77.27 Lakh; When Seller’s Case Fails, Buyer’s Addition Can’t Stand:  The Chandigarh Bench “A” of the ITAT, vide order dated 30.12.2025 in DCIT, Central Circle-1, Ludhiana v. Jaswinder Kaur Grewal (ITA No.200/Chd/2025, AY 2022-23), dismissed the Revenue’s appeal and upheld deletion of ₹77,27,500 added u/s 69B r.w.s. 115BBE on account of alleged unexplained investment in purchase of a Shop-cum-Office (SCO). The assessee had purchased SCO No.3 measuring 144...