https://www.taxtmi.com/caselaws?id=216786 HC partly allowed revenue's appeal, holding ITAT erred in deleting additions on benami purchase of Seelampur property and investment in Fair Deal Garments. HC noted incriminating property documents found at assessee's residence, absence of plausible explanation, and non-response of seller and dealer, holding these factors supported the revenue's case. For Fair Deal Garments, HC held that seized date-wise receipts and the timeline of nephew's business commencement were ignored, warranting restoration of the additions. On cash deposits, HC remanded the matter to AO as ITAT relied on an unexplained Annexure. However, HC upheld ITAT's deletion of addition on FDRs, accepting the seized paper as a dumb document. en-us Mon, 17 Sep 2012 00:00:00 +0530 Wed, 26 Nov 2025 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216786 HC partly allowed revenue's appeal, holding ITAT erred in deleting additions on benami purchase of Seelampur property and investment in Fair Deal Garments. HC noted incriminating property documents found at assessee's residence, absence of plausible explanation, and non-response of seller and dealer, holding these factors supported the revenue's case. For Fair Deal Garments, HC held that seized date-wise receipts and the timeline of nephew's business commencement were ignored, warranting restoration of the additions. On cash deposits, HC remanded the matter to AO as ITAT relied on an unexplained Annexure. However, HC upheld ITAT's deletion of addition on FDRs, accepting the seized paper as a dumb document. Case-Laws Income Tax Mon, 17 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216786