ITAT deleted ₹90 Lakh on-money addition based on unsigned property agreement and unauthenticated search material

Smt. Ranjana Kumari/Kalta Vs DCIT/ACIT (Central) (ITAT Chandigarh) Conclusion: Addition of ₹90 lakh made under section 69A towards alleged cash payment for purchase of property as well as the addition made under section 69C on account of alleged unaccounted purchases was deleted as additions based solely on third-party documents, without independent corroboration or evidence directly linking the transactions to assessee were not sustainable in law. Held: Search action was conducted on the Omaxe Group and on M/s Himgiri Beverages. Based on data allegedly recovered from a hard disk seized duri...