Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (6) TMI 562 - ITAT AMRITSARAssessment u/s 153C - cash payment for purchase of property - Addition u/s 69 - addition made on basis of the copy of the agreement - HELD THAT:- As during hearing the registered deed was filed by the assessee and the copy of the audited balance sheet of the assessee - Where it is clear that the entire amount Rs.31,50,000/- was paid through banking channel. Supporting document was also submitted before the first appellate authority. DR had not made any contradictory submission against the facts of the assessee. During assessment and in the appeal proceeding the issue was fully agitated by the assessee but it was not taken care by the revenue. Accordingly, the addition amount is quashed. Decided in favour of assessee.
|