Case Law Details
Case Name : DCIT Vs Shriya Properties (ITAT Bangalore)
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Bangalore
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DCIT Vs Shriya Properties (ITAT Bangalore)
WhatsApp Chats, Retraction & Pure Estimates Can’t Build a ₹1.22 Crore ‘On-Money’ Addition+ Bangalore ITAT Deletes Additions in Unabated Search Assessment
In a significant ruling, the Bangalore ITAT held that no addition can be made in a completed/unabated assessment u/s 153A without incriminating material relatable to the relevant assessment year. The Tribunal upheld deletion of multiple additions made against real estate firm Shriya Properties, Hubballi, including a major ₹1.22 crore alleged on-money addition for AY 2015-16.
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