Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
The Appellate Tribunal held that the assessment u/s 147 was invalid as no addition was made for the issue recorded in the reasons u/s 148(2). The AO's addition u/s 69C for bogus purchases was deemed wrong as the assessee had disclosed total purchases with explained sources. The Tribunal quashed the assessment u/s 143(3) u/s 147 as without jurisdiction. The appeal of the assessee was allowed.
The Appellate Tribunal held that the assessment u/s 147 was invalid as no addition was made for the issue recorded in the reasons u/s 148(2). The AO's addition u/s 69C for bogus purchases was deemed wrong as the assessee had disclosed total purchases with explained sources. The Tribunal quashed the assessment u/s 143(3) u/s 147 as without jurisdiction. The appeal of the assessee was allowed.
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