https://www.taxtmi.com/caselaws?id=459961 ITAT Delhi upheld reassessment proceedings u/s 147 based on complaint regarding undisclosed rental/banquet charges, finding AO had valid reasons to believe income escaped assessment. However, tribunal ruled against additions based on loose sheets and fabricated documents not confronted to assessee. AO failed to cross-examine complainant who was not employee but supervisor, and didn't verify with actual customers who booked banquet hall. Assessee's books of accounts, receipts, and bank statements reconciled with declared income. Tribunal decided in favor of assessee regarding unaccounted receipts addition. en-us Wed, 03 Jan 2024 00:00:00 +0530 Mon, 06 Jan 2025 19:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459961 ITAT Delhi upheld reassessment proceedings u/s 147 based on complaint regarding undisclosed rental/banquet charges, finding AO had valid reasons to believe income escaped assessment. However, tribunal ruled against additions based on loose sheets and fabricated documents not confronted to assessee. AO failed to cross-examine complainant who was not employee but supervisor, and didn't verify with actual customers who booked banquet hall. Assessee's books of accounts, receipts, and bank statements reconciled with declared income. Tribunal decided in favor of assessee regarding unaccounted receipts addition. Case-Laws Income Tax Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459961