ITAT Mumbai Deletes On-Money Additions u/s 69/69B; No Cross-Examination of Excel Data

Arvind Khetaram Purohit Vs DCIT Central Circle (ITAT Mumbai) ITAT Mumbai Deletes On-Money Additions u/s 69/69B Based on Third-Party Excel Sheets; Denial of Cross-Examination Held Fatal The Mumbai Bench of the ITAT allowed the assessee’s appeals for AYs 2017-18 and 2018-19 and deleted the additions towards alleged cash “on-money” payments for purchase of a commercial shop, which were made solely on the basis of third-party digital material (Excel sheet) seized during a search on the Rubberwala Group and the statement of a key employee (Shri Imran Ansari). The Tribunal held that the entire...