ITAT Mumbai Quashed Section 69 On-Money Additions for Natural Justice Breach

Bhavesh Harjiram Solanki Vs DCIT (ITAT Mumbai) Section 69 On-Money Additions in 153C Assessments Quashed for Violation of Natural Justice: ITAT Mumbai Follows Manish Mali Line The Mumbai ITAT (“B” Bench) allowed the assessee’s appeals for AYs 2017-18, 2018-19 and 2019-20 and deleted additions made under section 69 on account of alleged cash “on-money” paid for purchase of a shop in Platinum Mall project of the Rubberwala Group. The additions were made in proceedings under section 153C r.w.s. 143(3) solely on the basis of statements recorded during search on the Rubberwala Group, wher...