No section 69 addition in absence of evidence to prove that payment made beyond sale agreement

Rajendra Kumar Vs DCIT (ITAT Delhi)

Conclusion: Since there was no material available before AO that assessee had paid anything more than what was mentioned in the sale deed, therefore, no addition was warranted in the instant case by invoking the provisions of section 69.

Held: Assessee-individual had derived income from trading of various types, shapes, quantities of nut, bolts, screws and fasteners. Assessee was a general order suppliers catering to a vast number of customers and h

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