No Incriminating Evidence, Only Excel — ITAT Deletes ₹25 Cr Addition in Moser Baer Group Case

DCIT Vs Indian Hydro Electric Power Pvt. Ltd. (ITAT Delhi) No Incriminating Evidence, Only Excel — ITAT Deletes ₹25 Cr Addition in Moser Baer Group Case Search was conducted on the Moser Baer Group, covering Assessee’s premises. During search, an Excel sheet titled “Funds Position” was found on a group employee’s laptop, showing loan entries. Based solely on this &  statements of Rajiv Agarwal &  Neeraj Jain (both later retracted),   AO treated ₹ 25.05 crore as unexplained loans u/s 68 &  ₹ 25.05 lakh as commission u/s 69C. CIT(A) deleted the additions holding ...