132, 132(1), 143(3), 14A, 153A, 2(14), 36(1)(iii), 69C, AY 2017-18, AY 2018-19, In Favour of Assessee, incriminating material, ITAT Mumbai, Loose papers
Friends recently ITAT Mumbai pronounced on 20.06.2023 in the case of Aurum Platz Private Limited Vs. DCIT allowing the relief to the assessee by deleting the addition on account of loose papers found.
the document relied upon by the department merely a loose document which did not even have a date of such transaction which are essential features of an authentic document. Loose paper is a computer document bearing neither any signature nor any handwriting. The revenue failed to fulfil the essential condition that the loose paper also needs to be corroborated.
Adv. Atharv Mundra 7014317014 FCA B.P. Mundra 9314501680
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