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Statement Without Cross-Examination: ITAT Mumbai Deletes Section 69A Addition of ₹1.69 Cr
Case Law Details
- Case Name
- DCIT Vs Parth Ajit Pawar (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2022-23
- Courts
- All ITAT, ITAT Mumbai
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DCIT Vs Parth Ajit Pawar (ITAT Mumbai)
ITAT Mumbai Deletes ₹1.69 Cr Addition u/s 69A: Statement without cross-examination not valid evidence
ITAT Mumbai upheld the deletion of a ₹1.69 crore addition made u/s 69A in the case of Parth Ajit Pawar, holding that the sole reliance on a third-party statement, later retracted, without corroborating evidence, cannot justify taxing the amount as unexplained money.
A search was conducted on DB Realty Group & associated entities, including Daund Sugar Pvt. Ltd., where a diary was recovered from one Shri Sagar Shah. The diary had entries indicati...
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