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ITAT Delhi Deleted Cash Addition as On-Money Allegation Lacked Evidence
Case Law Details
- Case Name
- ITO Vs Smt. Sunita Gadde (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Delhi
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ITO Vs Smt. Sunita Gadde (ITAT Delhi)
The Income Tax Appellate Tribunal Delhi decided a Revenue appeal and an assessee’s cross-objection for AY 2012–13 arising from reassessment proceedings under sections 143(3) read with 147 of the Income-tax Act, 1961. The Revenue challenged the relief granted by the CIT(A) deleting additions relating to alleged cash transactions connected with sale and purchase of immovable properties.
The first issue concerned an addition of ₹2,70,50,000 made by the Assessing Officer on account of alleged cash or “on-money” received on sale of a property at Dera ...
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