Addition u/s 69A based solely on builder’s seized data (on-money) – sustainable?

Respected Members, I seek guidance on the sustainability of an addition made under Section 69A r.w.s. 115BBE in a real estate transaction case. Brief facts: A property was purchased from a builder, and all payments were made through banking channels. A search u/s 132 was conducted on the builder group. During post-search investigation, seized Tally data / internal records allegedly showed certain buyers having paid “on-money”. The assessee’s name appears in such data against an alleged cash payment. Based solely on this third-party data, the AO has made an addition u/s 69A. Key issues: No cash was found from the…

► Read Answer

  Additions in the income based on documents received from third party

Are additions made based on documents recovered from a third party sustainable? A copy of the document is not shared with the assessee during assessment.

► Read Answer

  Can an Assessing Officer pass the face less assessment order , without giving a reasonable opportunity ?

Assessing officer has passed the assessment order without giving a reasonable opportunity to the assessee can the assessed file the writ petition against the assessment order ?

► Read Answer