ITAT Remands Section 69 Addition as Source of Cash Payments Was Not Properly Examined

DCIT Vs Navin Hanumanprasad Bagadiya (ITAT Pune) The Revenue appealed against the order of the Commissioner of Income Tax (Appeals), Pune-12, for Assessment Year 2014-15, challenging the deletion of an addition of ₹6,05,31,261 made under Section 69 of the Income-tax Act in proceedings under Sections 143(3) read with 153C. The addition related to alleged unexplained cash payments reflected in seized pocket diaries recovered during a search conducted on the Pride Group. During the search conducted on 21 January 2020, pocket diaries containing handwritten cash transactions were seized. The diar...