https://www.taxtmi.com/caselaws?id=768297 ITAT Chandigarh ruled in favor of the assessee regarding undisclosed investment in jointly purchased plot. The tribunal held that additions based on extrapolated mobile data images lacked corroborative evidence and could not be sustained. Statements from seller and co-owners confirmed no "on money" payments were made, with no adverse findings by department against seller or co-owner. The tribunal also deleted addition of Rs. 3 lacs cash seized during search, noting six family members filed returns and assessee had legitimate business as engineer, providing no justification for sustaining the addition. en-us Tue, 01 Apr 2025 00:00:00 +0530 Fri, 04 Apr 2025 07:15:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768297 ITAT Chandigarh ruled in favor of the assessee regarding undisclosed investment in jointly purchased plot. The tribunal held that additions based on extrapolated mobile data images lacked corroborative evidence and could not be sustained. Statements from seller and co-owners confirmed no "on money" payments were made, with no adverse findings by department against seller or co-owner. The tribunal also deleted addition of Rs. 3 lacs cash seized during search, noting six family members filed returns and assessee had legitimate business as engineer, providing no justification for sustaining the addition. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768297