https://www.taxtmi.com/caselaws?id=776170 The ITAT Delhi allowed the assessee's appeal, holding that the AO and the Addl./JCIT(Appeals) erred in making an ad hoc addition to the assessee's income without evidence. The authorities ignored the income declared in Form 16, which showed a salary of Rs. 3,74,560 for AY 2003-04. The AO's estimate of Rs. 18,94,560 was based on mere speculation without proof. The ITAT directed the AO to delete the ad hoc addition and assess the income strictly as per Form 16, allowing only Rs. 3,74,560 as the assessee's income. en-us Fri, 03 Jan 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776170 The ITAT Delhi allowed the assessee's appeal, holding that the AO and the Addl./JCIT(Appeals) erred in making an ad hoc addition to the assessee's income without evidence. The authorities ignored the income declared in Form 16, which showed a salary of Rs. 3,74,560 for AY 2003-04. The AO's estimate of Rs. 18,94,560 was based on mere speculation without proof. The ITAT directed the AO to delete the ad hoc addition and assess the income strictly as per Form 16, allowing only Rs. 3,74,560 as the assessee's income. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776170