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2018 (6) TMI 953 - AT - Income TaxValidity of jurisdiction of AO under sec. 153A - Additions of income from undisclosed sources - Held that:- The issue raised in the present appeal is already covered in the co-investors' case of Subhash Khattar v. Asst. CIT [2016 (8) TMI 460 - ITAT DELHI] where it is said that a huge addition cannot be made in a casual manner without having corroborative evidence in support - it is a prevailing practice in the dealings of immoveable properties that cash amount, if any, out of the agreed consideration is paid during the course of execution/registration of the sale deed and admittedly in the present case no sale deed or other mode of transfer has been effected - thus in the present case merely the material seized cannot be a basis for arriving at a definite conclusion, in absence of corroborative evidence in support - since the issue raised in the present appeal is covered in the co-investors' case hence the appeal of the assessee is allowed.
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