ITAT Deletes Additions as AO Made No Independent Inquiry Beyond ACB Information

Dilipsinh Laxmansinh Rathod Vs ITO (ITAT Ahmedabad) The ITAT Ahmedabad allowed the assessee’s appeal and deleted additions of Rs. 1,25,000 comprising Rs. 1,00,000 towards estimated marriage expenses and Rs. 25,000 towards investment in an FDR in the name of the assessee’s daughter. The Tribunal noted that in an earlier round it had directed the Assessing Officer (AO) to reconsider the matter in light of the order of the Special Judge, ACB, who had acquitted the assessee of charges under the Prevention of Corruption Act and held that allegations regarding investments in the names of...