ITAT Rejects Addition Based on Excel File Entries Due to Lack of Direct Evidence

ACIT Vs Navneet Kumar Sureka (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi Bench, decided three connected appeals filed by the Revenue against separate orders passed by the Commissioner of Income Tax (Appeals) [CIT(A)] for Assessment Year 2013-14. Since common issues were involved, the Tribunal disposed of all appeals through a common order. The principal disputes related to additions made under Sections 69A and 68 of the Income Tax Act concerning alleged unexplained cash transactions and share sale proceeds. In ITA No. 5573/DEL/2016, the Revenue challenged the deletion of an ad...