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U/s 153C Additions on Alleged On-Money Deleted – No Corroboration & No Cross-Examination
Case Law Details
- Case Name
- Ashok Chunilal Mali Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Mumbai
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Ashok Chunilal Mali Vs ACIT (ITAT Mumbai)
The Mumbai ITAT deleted additions made under Section 69 in a 153C proceeding arising from the Rubberwala Group search, where the AO alleged on-money payments for shop purchases based on third-party evidence.
The additions were primarily based on:
Excel data found in a pen drive of a third-party employee, and
Statements recorded from Rubberwala Group personnel claiming cash components in transactions.
The Tribunal observed that:
The assessee had denied any cash payment, and no incriminating material was found from the assessee.
The e...
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