https://www.taxtmi.com/caselaws?id=783671 Additions based on cash receipts and entries in documents impounded during survey u/s 133A were disputed on the ground that the transactions belonged to a partnership firm, not the individual assessee. The ITAT held that the AO did not dispute the firm's ownership and sale of the underlying properties, and the impounded receipts/advances were recorded in the firm's books as "advances for sale of flats" and offered to tax in the firm's assessments; absent further evidence linking the receipts to the assessee's independent income, the additions were unsustainable. The CIT(A) erred in sustaining the additions without appreciating these facts, and the AO was directed to delete both additions. en-us Wed, 10 Dec 2025 00:00:00 +0530 Sat, 20 Dec 2025 07:45:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783671 Additions based on cash receipts and entries in documents impounded during survey u/s 133A were disputed on the ground that the transactions belonged to a partnership firm, not the individual assessee. The ITAT held that the AO did not dispute the firm's ownership and sale of the underlying properties, and the impounded receipts/advances were recorded in the firm's books as "advances for sale of flats" and offered to tax in the firm's assessments; absent further evidence linking the receipts to the assessee's independent income, the additions were unsustainable. The CIT(A) erred in sustaining the additions without appreciating these facts, and the AO was directed to delete both additions. Case-Laws Income Tax Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783671