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2023 (6) TMI 718 - AT - Income TaxUnexplained investment u/s. 69 - undisclosed income - reliance on evidence found during the course of search at the business premises - HELD THAT:- AO had not justified for making such an addition in the hands of the assessee with relevant seized materials and by supplying the same to the assessee, thus no addition can be made in the hands of the assessee as held by various judicial precedents. AO has not provided cross examination of Shri Chirag H. Patel although the same was specifically demanded by the assessee. It is also seen that the replies filed by the assessee are completely ignored by the AO which manifests the capricious, vindictive & arbitrary attitude of the AO. CIT-A correctly deleted the addition made by the A.O - there is no corroborative evidence collected by the AO and no field enquiry was conducted before making such a huge addition in the hands of the assessee. Decided against revenue.
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