https://www.taxtmi.com/caselaws?id=766831 The ITAT Delhi ruled in favor of the assessee regarding additions under section 69A based on seized digital ledger "Hazir Johri." The tribunal found that the seized ledger contained combined entries of various unrelated parties along with few transactions of the assessee. Revenue failed to provide corroborative evidence linking the cash transactions specifically to the assessee or prove their nature through supporting documents like bills, vouchers, or stock registers. Following precedent from Anoop Kumar Soni case, the tribunal held that a ledger containing entries of multiple unrelated parties cannot be attributed solely to the assessee. The addition was deleted as it was based on assumptions without concrete material evidence. en-us Fri, 28 Feb 2025 00:00:00 +0530 Wed, 05 Mar 2025 07:49:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766831 The ITAT Delhi ruled in favor of the assessee regarding additions under section 69A based on seized digital ledger "Hazir Johri." The tribunal found that the seized ledger contained combined entries of various unrelated parties along with few transactions of the assessee. Revenue failed to provide corroborative evidence linking the cash transactions specifically to the assessee or prove their nature through supporting documents like bills, vouchers, or stock registers. Following precedent from Anoop Kumar Soni case, the tribunal held that a ledger containing entries of multiple unrelated parties cannot be attributed solely to the assessee. The addition was deleted as it was based on assumptions without concrete material evidence. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766831