On-Money Addition u/s 69 Deleted – Third-Party Excel Data & Statements Held Insufficient

Ghewar Chand Jain Vs DCIT (ITAT Mumbai) Mumbai ITAT deleted additions made u/s 69 towards alleged cash (on-money) payment for purchase of shop in the Platinum Mall (Rubberwala Group) case. The Tribunal held that: The addition was based solely on third-party statements and Excel data from a pen drive, with no incriminating material found from the assessee The alleged evidence was neither confronted nor subjected to cross-examination, violating principles of natural justice No independent corroborative evidence was brought on record to establish actual cash payment by the assessee Even though t...