https://www.taxtmi.com/caselaws?id=769829 ITAT Ahmedabad allowed the assessee's appeal against unexplained money addition u/s 69A. The tribunal held that Revenue relied on unverified coded figures without proper corroboration, and decoded statement authenticity was questionable. The assessee's payment records matched decoded figures, showing no discrepancy in declared payments. Third party statement wasn't shared with assessee, violating natural justice principles. General confession by land developer lacked specific evidence linking assessee to undisclosed transactions. Additionally, payments were made in earlier years, not the assessment year in question. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 20 Feb 2026 17:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769829 ITAT Ahmedabad allowed the assessee's appeal against unexplained money addition u/s 69A. The tribunal held that Revenue relied on unverified coded figures without proper corroboration, and decoded statement authenticity was questionable. The assessee's payment records matched decoded figures, showing no discrepancy in declared payments. Third party statement wasn't shared with assessee, violating natural justice principles. General confession by land developer lacked specific evidence linking assessee to undisclosed transactions. Additionally, payments were made in earlier years, not the assessment year in question. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769829