Case Law Details
Case Name : DCIT Vs Riddhesh Girishbhai Bhandari (ITAT Ahmedabad)
Related Assessment Year : 2022-23
Courts :
All ITAT ITAT Ahmedabad
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DCIT Vs Riddhesh Girishbhai Bhandari (ITAT Ahmedabad)
ITAT Ahmedabad Quashes ₹3.68 Cr Additions on WhatsApp & Loose Sheets – No Nexus with Assessee; Tribunal Rejects Revenue’s Guesswork-Based Additions
Revenue appealed against CIT(A)’s order deleting additions of over ₹3.68 crore made during assessment pursuant to a search in the AGL Group (26.05.2022), which also covered the assessee’s residence. AO had assessed income at ₹13.31 crore against returned income of ₹9.58 crore, making additions:
Unsecured loan treated as unexplained money u/s 69A – ₹1,47,31,479/-, plus i...
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