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On-Money Addition Deleted; Third Party Excel Statement Not Enough Without Proof
Case Law Details
- Case Name
- Ganesharam Galbaram Mali Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2019-20
- Courts
- All ITAT, ITAT Mumbai
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Ganesharam Galbaram Mali Vs DCIT (ITAT Mumbai)
On-Money Addition Deleted – Third Party Excel Statement Not Sufficient Without Corroboration
AO made addition u/s 69 (₹4 lakh) alleging cash “on-money” payment for purchase of shop based on:
Excel sheet seized from third party (Rubberwala Group)
Statement of employee (Imran Ansari) & developer
CIT(A) upheld addition.
ITAT held:
No direct evidence linking assessee to cash payment (no receipt, diary, confirmation, etc.)
Addition based only on third-party material & statement
Assessee was denied cross-examination �...
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