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Rule of Consistency Bars On-Money Addition Against One Co-Owner

Case Law Details

Case Name : Ashokkumar Prahladbai Vs DCIT (ITAT Ahmedabad)
Related Assessment Year : 2016-17
Courts : All ITAT ITAT Ahmedabad
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Ashokkumar Prahladbai Vs DCIT (ITAT Ahmedabad)

Developer’s Admission Can’t Bind Buyer: On-Money Addition Fails Without Direct Evidence: ITAT Ahmedabad Deletes ₹19.62 Lakh- Excel Sheet & Third-Party Statement Not Enough: ITAT Gives Relief to Property Purchaser

The Ahmedabad “A” Bench of the ITAT, vide order dated 01.01.2026 in Ashokkumar P

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Author Bio

Name: CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka, India
Member Since: 17 Feb 2018 | Total Posts: 3728
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

My Published Posts

IBC Section 7: SC Holds CIRP Admission Mandatory Once Debt & Default Proved; Society Intervention Denied ITAT Ahmedabad Deletes On-Money Additions; Loose Papers Insufficient Entire Bogus Purchase Disallowance Rejected When Books Not Rejected: ITAT Pune Appeal Cannot Be Dismissed for Typographical Error in Form 35: ITAT Hyderabad Agricultural Income Estimation Scaled Down: ITAT Rajkot Restricts Addition to ₹50,000 on Ad-hoc Basis View More Published Posts

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