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 considered two main issues: 1. Addition u/s 37(1) - Assessee incurred business loss due to default in property payment, allowed as revenue loss. 2. Non-referral to DVO for property valuation - AO's additions deleted as assessee sold property below stamp valuation, objections ignored. Tribunal dismissed Revenue's appeal, upholding CIT(A)'s decision on both issues. The Tribunal rejected reliance on a non-jurisdictional case cited by the Revenue.
The Appellate Tribunal considered two main issues: 1. Addition u/s 37(1) - Assessee incurred business loss due to default in property payment, allowed as revenue loss. 2. Non-referral to DVO for property valuation - AO's additions deleted as assessee sold property below stamp valuation, objections ignored. Tribunal dismissed Revenue's appeal, upholding CIT(A)'s decision on both issues. The Tribunal rejected reliance on a non-jurisdictional case cited by the Revenue.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
