Dismissing the appeal of the revenue the Court held that, merely on the basis of confessional statement made by third party ie.Mr Ansari under Maharashtra Central organised Crime Act, 1999(MOCA) stating that certain payment was made to the assessee by Mr Rasiklal Dhariwal ,without any corroborative evidence , deletion of addition held to be justified. In the course of search of premises u/s 132 also no incriminating documents were found .( AY. 2000-01)
CIT v. Jagdishprasad Mohanlal Joshi ( 2018) 99 taxmann.com 287 / 259 Taxman 343( Bom) (HC) Editorial: SLP of revenue is dismissed , CIT v. Jagdishprasad Mohanlal Joshi ( 2018) 259 Taxman 342 (SC)
S. 69A : Unexplained money – Income from undisclosed sources – Merely on the basis of confessional statement made by third party under Maharashtra Central organised Crime Act, 1999(MOCA) stating that certain payment was made to the assessee ,without any corroborative evidence , deletion of addition held to be justified .[ S.132, Maharashtra Central organised Crime Act, 1999 S.18 ]