On-Money Additions Deleted: Loose Digital Data & Third-Party Statements Not Enough

Smt. Jyoti Vs AO (ITAT Chandigarh)

The Chandigarh Bench (SMC) of the ITAT granted substantial relief to the assessee by deleting additions of alleged “on-money” payments made for purchase of a flat, which were based solely on search material found during a third-party search on a real-estate developer (Homeland Group).

The Assessing Officer alleged that the assessee had paid consi

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