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2018 (2) TMI 1146 - AT - Income TaxIncome from undisclosed sources - cash component appearing in the Excel sheets seized from the premises of M/s AEZ group - incriminating material found in search - Held that:- The addition has been upheld by the Ld. CIT(A) mainly only on the basis of (i) details recorded in Excel sheet on hard disk found during the course of search at M/s AEZ group, wherein the payment through cheque and cash been mentioned against the name of the assessee at Serial No. 30 of the list (ii) the surrender made by Sh. I.E. Soomar, whose name was appearing at Serial No. 39 of the list (iii) the said hard disk cannot be relied upon in part as the assessee has admitted the payment through cheque but denied the cash payment therein. In view of the identical facts of the case of the assessee and the case of Sh. Subhash Khattar (2017 (7) TMI 1091 - DELHI HIGH COURT) we hold that addition cannot be made in the case of assessee without corroborating evidences, merely on the basis of surrender made by Sh. I.E. Soomar i.e. third-party and accordingly, we set aside the orders of the lower authorities and direct the Assessing Officer to delete the said addition - Decided in favour of assessee.
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