Case Law Details
Case Name : DCIT Vs Payal Khemka (ITAT Delhi)
Related Assessment Year : 2020-21
Courts :
All ITAT ITAT Delhi
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DCIT Vs Payal Khemka (ITAT Delhi)
Search proceedings in the Khemka Group revealed WhatsApp chats discussing a proposed property deal at A-32, Westend Colony, Delhi with a tentative price split of “76/23”. Based solely on these chats, the AO concluded that ₹23 crore represented undisclosed cash consideration paid over and above the registered value of ₹76 crore and made addition u/s 69 r.w.s. 115BBE.
However, the CIT(A) examined the entire seized material holistically—in
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