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

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...