Third-Party Excel Sheets & Statements Without Corroboration Have No Evidentiary Value

Ajaram Adararam Mali Vs DCIT (ITAT Mumbai) ITAT Mumbai Deletes Section 69 Additions: Third-Party Excel Sheets & Statements Without Corroboration Have No Evidentiary Value In a crucial ruling, the ITAT Mumbai held that additions under Section 69 cannot be sustained solely on the basis of third-party statements and excel sheet data found during search, without independent corroborative evidence linking the assessee. The case involved alleged cash (“on-money”) payments for property purchase based on data recovered from a pen drive belonging to an employee of the developer group. The a...