ITAT Deletes ₹50 Lakh On-Money Addition; Section 54F Issue Remanded to check Commercial Use

Dhoomi Devi Vs ITO (ITAT Dehradun) Section 54F Deduction Remanded as Tenants’ Affidavits Suggest Commercial Use of Properties,  No Addition Without Corroborative Evidence: ITAT Deletes ₹50 Lakh On-Money Addition in Property Deal and Presumption Under Section 132(4A) Cannot Be Applied Against Assessee When Documents Seized from Third Party  The appeal before the ITAT Dehradun arose from the order dated 08.08.2024 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, under section 250 of the Income Tax Act, 1961, against the assessment order dated 05.0...