Kiran Pal Singh v. Dy. CIT (2024) 115 ITR 33 (SN)(Delhi)(Trib)

S. 69 : Unexplained investments-Purchase of mobile phone-Recorded in the books of account-Advance for purchase of car-Loose sheet-Dumb documents-Addition cannot be made-Purchase of goods recoded in the books of account-Addition is deleted-Unexplained jewellery-Matter remanded to Assessing Officer-Wedding expenditure-Addition is deleted-Expenses incurred for construction of residential house-Source explained and reflected in the nooks of account-Addition is deleted-Purchase of foreign currency-Explained the source of purchase-Addition is deleted. [S.69A, 69C, 131(IA), 132, 132(4A), 153C]

Held that the purchase of mobile phone is recorded in the books of account hence   addition cannot be made as unexplained investment. Advance for purchase of car addition cannot be  assessed as unexplained expenditure.  Loose sheet found in the course of search is a  dumb document. Onus is on department to collect cogent corroborative evidence, addition  is deleted. Purchase of goods  is recoded in the books of account addition is deleted. As regards unexplained jewellery, the matter is remanded to the Assessing Officer.   Payment to event management and catering payments are made against tax invoices raised along with goods and services tax.hence addition is deleted. As regards cash found  which is reflected in the books of account, addition is deleted. Expenses incurred  for construction of residential house source explained and reflected in the nooks of account. Addition is deleted.  Purchase of foreign currency, explained the  source of purchase, addition is deleted.  (AY. 2012-13 to 2020-21)

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