Burden on AO to substantiate Income Tax Statement based additions

ACIT Vs Harish Kumar Vig (ITAT Ranchi) Burden on AO to substantiate ITS-based additions – Tribunal sides with Assessee Revenue filed appeal against the order of CIT(A) which had deleted two major additions made by AO. AO had made (i) addition of ₹33,75,000/- treating it as unexplained investment in land purchase & (ii) addition of ₹2,54,33,481/- based on ITS data from ITBA. Revenue argued that CIT(A) wrongly deleted these additions without giving AO proper opportunity to rebut. Assessee explained that the land purchase was fully funded through withdrawals from his capital account wit...