https://www.taxtmi.com/caselaws?id=774884 ITAT Delhi upheld the validity of assessment reopening based on unsigned draft agreement found in third party's hard disk, despite document being undated, as cheque transactions matched assessee's actual dealings and AO had prima facie belief of income escapement. However, the tribunal deleted the cash payment addition under section 69 for property purchase, finding no evidence of cash payment during the relevant year, lack of vendor examination by AO, and denial of cross-examination rights regarding third party's statement that didn't name the assessee. Appeal partly allowed. en-us Fri, 13 Jun 2025 00:00:00 +0530 Wed, 16 Jul 2025 08:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774884 ITAT Delhi upheld the validity of assessment reopening based on unsigned draft agreement found in third party's hard disk, despite document being undated, as cheque transactions matched assessee's actual dealings and AO had prima facie belief of income escapement. However, the tribunal deleted the cash payment addition under section 69 for property purchase, finding no evidence of cash payment during the relevant year, lack of vendor examination by AO, and denial of cross-examination rights regarding third party's statement that didn't name the assessee. Appeal partly allowed. Case-Laws Income Tax Fri, 13 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774884