₹32 Cr Addition Fails: Section 153C Action Quashed in Sunetra Ajit Pawar Case

DCIT Vs Sunetra Ajit Pawar (ITAT Mumbai) ₹32 Cr Addition Fails – Loose Diaries & “DD” Code Not Enough for Section 153C Action: ITAT Mumbai in Sunetra Ajit Pawar case In this high-stakes case, the ITAT Mumbai upheld the quashing of proceedings under Section 153C, where the Revenue attempted to tax alleged cash transactions of ₹32.14 crore based on entries in third-party seized diaries and digital data. The entire case of the Department rested on interpreting the code “DD” appearing in handwritten diaries seized from a third party and linking it to the assessee through mobi...