No Name, No Proof, No Cross-Examination: ITAT Quashes ‘On-Money’ Addition Based on Builder’s Excel Sheet

Pravin Khetaramm Purohit Vs DCIT (ITAT Mumbai)

This case concerns additions made for alleged “on-money” cash payments towards purchase of a shop in Platinum Mall, a project developed by Rubberwala Group. Assessee purchased Shop No. 43 in October 2019 for ₹17.75 lakh, &  paid the entire amount through banking channels. Stamp duty was paid based on the higher market value determined by the Stamp Authority, indicating a fully disclosed transaction.

During a search on Rubberwala Group, the department seized a pendrive containing excel sheets &  recorded statement

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