2025 (9) TMI 908

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....ed in deleting the addition of 280,00,000/- made under section 69 of the Income-tax Act, 1961, by treating a seized Excel sheet as a 'dumb document', without appreciating that the said document was recovered in a valid search under section 132, contained specific and decipherable entries related to the assessee, and was corroborated by other evidentiary material, thereby attracting the statutory presumption under section 292C of the Act? 2. Whether the Hon'ble CIT(A) erred in law in not adjudicating the jurisdictional grounds raised by the assessee challenging the validity of proceedings under section 153C, despite the presence of incriminating material pertaining to the assessee found during a search on a third party, ....

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....lat in Ashirwad Cooperative Housing Society Ltd.. The assessee was issued a show-cause notice asking her to show-cause why the cash payment of Rs. 80,00,000/- should not be treated as unexplained investment and added back to the total income for the year under consideration. In her reply, the assessee stated that she received a letter dated 19/06/2017 by which she was allotted one 2BHK flat costing Rs. 51.20 Lakhs as per the decision in the special general meeting of the Society and requested the assessee to deposit Rs. 15,16,800/- being 25% of the initial payment of allotment of residential flat for the confirmation of the allotment. The assessee intimated the society that she is in the process of availing loan of Rs. 30,00,000/-. However,....