https://www.taxtmi.com/caselaws?id=767062 ITAT Delhi ruled in favor of the assessee in an assessment under section 153C involving alleged unaccounted cash transactions. The AO relied on entries in Hazir Johri software found during a search operation, supported by a director's statement confirming both documented and undocumented transactions. However, the Tribunal found the software contained combined ledger accounts of various unrelated parties with only few transactions pertaining to the assessee. Revenue failed to provide corroborative evidence like bills, vouchers, or sales registers to prove the alleged cash sales belonged to the assessee. Following precedents from similar JBL search cases, the Tribunal deleted the addition, holding that entries without corroboration cannot establish actual transactions. en-us Wed, 05 Mar 2025 00:00:00 +0530 Mon, 10 Mar 2025 08:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767062 ITAT Delhi ruled in favor of the assessee in an assessment under section 153C involving alleged unaccounted cash transactions. The AO relied on entries in Hazir Johri software found during a search operation, supported by a director's statement confirming both documented and undocumented transactions. However, the Tribunal found the software contained combined ledger accounts of various unrelated parties with only few transactions pertaining to the assessee. Revenue failed to provide corroborative evidence like bills, vouchers, or sales registers to prove the alleged cash sales belonged to the assessee. Following precedents from similar JBL search cases, the Tribunal deleted the addition, holding that entries without corroboration cannot establish actual transactions. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767062