https://www.taxtmi.com/caselaws?id=436073 The Tribunal set aside the confirmation of the addition of Rs. 20,00,000 under Section 69A of the Income-tax Act, 1961 for unexplained money. The Tribunal held that the addition based on WhatsApp/SMS messages without corroborative evidence could not be sustained. It was noted that the messages did not conclusively prove ownership by the assessee, and previous decisions supported the requirement for corroborative evidence. Consequently, the Tribunal directed the Assessing Officer to delete the addition, allowing the appeal of the assessee. en-us Tue, 28 Mar 2023 00:00:00 +0530 Tue, 04 Apr 2023 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436073 The Tribunal set aside the confirmation of the addition of Rs. 20,00,000 under Section 69A of the Income-tax Act, 1961 for unexplained money. The Tribunal held that the addition based on WhatsApp/SMS messages without corroborative evidence could not be sustained. It was noted that the messages did not conclusively prove ownership by the assessee, and previous decisions supported the requirement for corroborative evidence. Consequently, the Tribunal directed the Assessing Officer to delete the addition, allowing the appeal of the assessee. Case-Laws Income Tax Tue, 28 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436073