Section 69A/69B: Excel noting retracted statements cannot justify additions – ITAT Mumbai

Govind Corporation Vs DCIT (ITAT Mumbai)

Faceless notice & evidence defects quash reassessments -Excel notings & retracted statements cannot justify additions  u/s 69A/69B-  Reassessment orders set aside as faceless scheme ignored & invalid DIN-  

The appeals arose from assessments following a search on 7‑Oct‑2021 at the Sekseria group. AO relied on excel sheets seized during the search & statements of Tarun & Nandkumar Sekseria to make additions u/s 69A/69B for unaccounted investment in land at Dhokawade.

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