No income Tax addition based on document’s which did not explicitly mention assessee’s name

PCIT (Central-2) Vs. Salarpuria Properties Pvt. Ltd. (Calcutta High Court)

In the case of PCIT (Central-2) Vs. Salarpuria Properties Pvt. Ltd., the Calcutta High Court upheld the Income Tax Appellate Tribunal’s (ITAT) decision to delete an income tax addition under Section 69 of the Income Tax Act, 1961, due to insufficient direct evidence against the assessee. The revenue’s appeal questioned the ITAT’s dismissal of the addition made by the Assessing Officer, arguing that the tribunal erred in focusing solely on cheque transactions while ignoring cash transactions. Ho

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