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...
ITAT remanded the assessment proceedings, setting aside CIT(A)'s order for all four tax years. The appellate tribunal found insufficient evidentiary basis for income addition under Section 69A and directed the Assessing Officer (AO) to conduct a fresh examination. The AO must provide substantive materials forming the basis of income addition, afford the assessee a hearing, and make a legally appropriate determination after comprehensive review and cooperation from the assessee.
ITAT remanded the assessment proceedings, setting aside CIT(A)'s order for all four tax years. The appellate tribunal found insufficient evidentiary basis for income addition under Section 69A and directed the Assessing Officer (AO) to conduct a fresh examination. The AO must provide substantive materials forming the basis of income addition, afford the assessee a hearing, and make a legally appropriate determination after comprehensive review and cooperation from the assessee.
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