WhatsApp Chats Alone Cannot Justify Tax Additions Without Supporting Evidence: ITAT Ahmedabad

Dhaval Patel Vs ACIT (ITAT Ahmedabad) ITAT Deletes Search-Based Additions Because Mobile Images Lacked Corroborative Evidence; Brokerage Income Restricted to 2% Because Entire Real Estate Transactions Could Not Be Taxed Again; Proposed Land Deal Cannot Trigger Tax Addition Because Transaction Never Materialised; Uncorroborated WhatsApp Messages on Cash Payments Insufficient for Search Assessment Additions: ITAT. The ITAT Ahmedabad decided cross appeals filed by the assessee and the Revenue against a common appellate order relating to Assessment Years 2018-19 and 2019-20. The proceedings arose ...