Scrutiny of Additions Based on Seized Documents Remanded for Re-Examination

Hindusthan Bawa Builders Vs ACIT (ITAT Bangalore)

Matter related to scrutiny of additions based on seized documents was remanded for further examination

Conclusion: Addition under Section 69B in the hands of the assessee – partnership firm for entire cash payment made to landowners as refundable security deposit under a Joint Development Agreement (JDA) should be remanded to AO for further inquiry as payment was made jointly with another party and there was no proper opportunity for cross-examination.

Held: Assessee-partnership

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