ITAT rules against ₹2 crore tax addition in property case
A woman from Delhi who purchased a home for ₹3.5 crore has been granted relief from a ₹2 crore tax demand. The Income Tax Appellate Tribunal (ITAT) dismissed the tax addition, ruling that the digital evidence provided was not properly authenticated. The Income Tax Department had claimed an extra ₹2 crore was paid in cash, citing a digital image found on a property dealer's phone as proof that the total transaction value was actually ₹5.5 crore.
by shortkt.com✓