No Income Tax Addition for Employee Acting on Directors’ Behalf: ITAT Mumbai

Rohinton Homi Sanga Vs DCIT (ITAT Mumbai) Introduction: The Income Tax Appellate Tribunal (ITAT) Mumbai recently ruled in the case of Rohinton Homi Sanga Vs DCIT, where the appellant contested against the Commissioner of Income Tax (Appeals)-49, Mumbai. The dispute arose from the assessment year 2017-18. Detailed Analysis: The appellant, a salaried employee, faced scrutiny after a search operation at the premises of M/s. Blue Angel Construction Ltd. During the search, cash of ₹33.82 lakhs and gold bars worth ₹5 lakhs were seized. The appellant asserted that the cash belonged to Topworth Pr...