ITAT Rajkot: Addition Based on ‘Dump Excel Sheet’ Deleted – No Evidence, No Tax

RC Heights Pvt. Ltd. Vs DCIT/ACIT (ITAT Rajkot) In this case, the ITAT Rajkot deleted additions made on alleged unaccounted cash receipts, holding that excel sheets found from third-party premises without corroboration are mere “dumb/dump documents” with no evidentiary value. The Tribunal observed that: The entire addition was based on an unsigned excel sheet seized from a third party, The document did not contain the assessee’s name or signature, No independent corroborative evidence was brought on record to prove actual receipt of cash, and No opportunity of cross-examination of the t...