https://www.taxtmi.com/caselaws?id=774452 The ITAT Delhi allowed the assessee's appeal against an assessment order passed under section 153C based on documents seized from third party JBL. During a search operation at Jindal Bullion Ltd, digital data from "Hazir Johri" software was seized, containing a ledger allegedly pertaining to the assessee. The AO made additions based on statements recorded under section 132(4) and assumed the assessee provided accommodation entries. The ITAT held that since the software was seized from JBL's premises and contained transactions of various unrelated parties, with no concrete evidence linking the assessee to specific transactions, no addition could be made. Following coordinate bench precedents, the tribunal deleted the additions made on assumptions. en-us Fri, 04 Jul 2025 00:00:00 +0530 Wed, 09 Jul 2025 08:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774452 The ITAT Delhi allowed the assessee's appeal against an assessment order passed under section 153C based on documents seized from third party JBL. During a search operation at Jindal Bullion Ltd, digital data from "Hazir Johri" software was seized, containing a ledger allegedly pertaining to the assessee. The AO made additions based on statements recorded under section 132(4) and assumed the assessee provided accommodation entries. The ITAT held that since the software was seized from JBL's premises and contained transactions of various unrelated parties, with no concrete evidence linking the assessee to specific transactions, no addition could be made. Following coordinate bench precedents, the tribunal deleted the additions made on assumptions. Case-Laws Income Tax Fri, 04 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774452