Mere WhatsApp Chats Cannot Justify Year-Wide Production Addition: ITAT Ahmedabad

ACIT Vs Shreenathji Extrusion (ITAT Ahmedabad) ITAT Deletes Stock Addition Due to Estimated Search Verification Method; Section 41(1) Addition Deleted Because Liability Had Not Ceased; Section 153A Addition Fails Without Incriminating Material for Earlier Years The case concerns cross appeals and cross objections arising from a search conducted on 24 October 2018 in the KAKA Group cases, covering the assessee, a partnership firm engaged in manufacturing aluminium products. Appeals for Assessment Years (AYs) 2015-16 to 2019-20 were heard together as they arose from the same search. For AY 2019-...