Held that no addition could be made only on the basis of charge sheet filed by the Central Bureau of Investigation, when proceedings were still pending before the Central Bureau of Investigation Special Court. The Revenue had failed to bring on record any evidence to prove that the findings of fact recorded by the Commissioner (Appeals) were incorrect or opposed to the facts. The findings of the Commissioner (Appeals) were liable to be confirmed. (AY. 2009-10)
ACIT v. Ramcharan Tej Konidala (2021) 89 ITR 15 (SN) (Chennai) (Trib.)
S. 69 : Unexplained investments-On money-Purchase of property from developer-Charge sheet filed by the Central Bureau Of Investigation (CBI) in case of developer-No additional evidence was brought by the revenue-Deletion of addition is held to be justified.