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...
Assessee's addition of on-money paid in cash to developer for property purchase, source unexplained, was based on data from third party's search and third party's confession before Settlement Commission. ITAT held third party's data and confession alone insufficient to make addition against assessee without corroborative evidence, given assessee's complete denial. Assessee should have been given opportunity to cross-examine builder who admitted receiving on-money. Addition of on-money paid unsustainable, decided in assessee's favor.
Assessee's addition of on-money paid in cash to developer for property purchase, source unexplained, was based on data from third party's search and third party's confession before Settlement Commission. ITAT held third party's data and confession alone insufficient to make addition against assessee without corroborative evidence, given assessee's complete denial. Assessee should have been given opportunity to cross-examine builder who admitted receiving on-money. Addition of on-money paid unsustainable, decided in assessee's favor.
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