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2017 (12) TMI 1862 - AT - Income TaxAddition of “on money” towards purchase of the property (including commission) - HELD THAT:- As the details mentioned against the amount are clearly at variance as against that of the property under consideration, therefore, there was no occasion for the A.O to have acted upon the said impugned notings in context of the purchase of the property under consideration. We have further perused the notings marked as “Commission” of the impounded document, and though find that as against the term “Commission” certain amounts are found mentioned, but are unable to comprehend as to how such dumb notings have been related to the purchase of the property under consideration. Thus here is no basis for relating the notings in the impounded document with the purchase of Flat by the assessee, therefore, are of the considered view that the addition made by the A.O u/s 69 and sustained by the CIT(A), cannot be upheld. Decided in favour of assessee.
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