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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)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- 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 Prahladbai Patel v. DCIT (ITA No.1300/Ahd/2025, AY 2016-17), allowed the assessee’s appeal and deleted the addition of ₹19,62,500 made u/s 69A on account of alleged on-money payment for purchase of immovable property.
The reassessment was init...
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