https://www.taxtmi.com/caselaws?id=464921 ITAT Surat dismissed the Revenue's appeal against deletion of addition under s.69 for alleged unexplained investment of Rs. 6,03,50,000/-. The AO had made the addition solely on the basis of a notarized agreement recovered from mobile backup during survey, without any corroborative evidence such as bank transactions or statements from alleged recipients. The assessee had earlier complained to governmental authorities, indicating coercion in signing the agreement. CIT(A) held that the agreement was a mere "dump document," not acted upon, and that the alleged investment was unproved and not reflected in balance sheets. ITAT upheld CIT(A)'s findings and refused to interfere. en-us Mon, 31 Jul 2023 00:00:00 +0530 Sat, 22 Nov 2025 19:52:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464921 ITAT Surat dismissed the Revenue's appeal against deletion of addition under s.69 for alleged unexplained investment of Rs. 6,03,50,000/-. The AO had made the addition solely on the basis of a notarized agreement recovered from mobile backup during survey, without any corroborative evidence such as bank transactions or statements from alleged recipients. The assessee had earlier complained to governmental authorities, indicating coercion in signing the agreement. CIT(A) held that the agreement was a mere "dump document," not acted upon, and that the alleged investment was unproved and not reflected in balance sheets. ITAT upheld CIT(A)'s findings and refused to interfere. Case-Laws Income Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464921