Mechanical Approval & Loose Papers Can’t Justify Additions – ITAT Delhi Deletes All Additions

Adrem India (P) Ltd. Vs DCIT (ITAT Delhi)

Loose Papers Can’t Be Sole Evidence: ITAT Deletes Additions Based on “Approximate” Handwritten Note; Search Assessment Vitiated: Mechanical Approval & Uncorroborated Statement Cannot Justify Additions; ITAT Deletes Estimated Profit Addition: Absence of Corroboration for Unaccounted Sales Alleged in Search; Delhi ITAT Follows High Court: Mechanical Approval for Reopening Vitiates Jurisdiction for Search Additions.

Search u/s 132 at the Assessee’s

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