Post-Search Flat Booking Cannot Trigger On-Money Tax Addition: ITAT Ahmedabad

Abhay Vrundavandas Devi Vs ACIT (ITAT Ahmedabad) Post-Search Flat Booking Can’t Trigger On-Money Addition: Ahmedabad ITAT Deletes ₹7 Lakh u/s 69A The Ahmedabad “SMC” Bench of the ITAT allowed the appeal of Abhay Vrundavandas Devi vs. ACIT, Circle-2(1)(1), Ahmedabad, ITA No. 1972/Ahd/2025, AY 2013-14, vide order dated 18.12.2025, and deleted the addition of ₹7 lakh made u/s 69A The addition arose from a search on a real-estate developer (Dev Group), where the builder admitted before the Settlement Commission to having received on-money from customers. Based solely on the Assessee’s ...