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2021 (10) TMI 6 - AT - Income TaxAddition of on-money paid by the assessee to the Builder for purchasing the flat - assessee submitted that all the payments were made through banking channels only - CIT-A deleted the addition - HELD THAT:- Except for entry in the pen-drive, there is nothing in the kitty of Ld. AO to conclude that the assessee paid on-money to the builder. The additions were made purely on the basis of third-party entry. Except for allegation, there is nothing on record which would indicate that the assessee has paid cash to the builder. Assessee was non-resident and residing in Spain. The assessee did not have any source of Income in India which is evident from the fact that it filed Nil return of income. It was not possible to bring such amount of cash from Spain to India otherwise than through banking channels. The Ld. CIT(A) has clinched the issue in right perspective. Finding no reason to interfere in the same, we dismiss the appeal.
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