Third-Party Survey Alone Can’t Justify ₹17.50 Lakh Addition

Kedar Ramakant Kulkarni Vs ACIT (ITAT Pune) Survey in Builder’s Case Not Enough: Onus on AO, Not on Assessee: ITAT Pune Rejects Unexplained Investment Theory-Third-Party Survey Material Without Proof Can’t Sustain s.69 Addition The Pune Bench (SMC) of the ITAT, vide order dated 31.12.2025 in Kedar Ramakant Kulkarni v. ACIT, Circle-8, Pune (ITA No. 2614/PUN/2025, AY 2020-21), allowed the assessee’s appeal and deleted the addition of ₹17,50,000 made u/s 69 on account of alleged unexplained cash investment in purchase of office premises. The assessee had purchased office premises from M/s...