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RU
On-Money Additions Deleted: Loose Digital Data & Third-Party Statements Not Enough
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taxguruin
Apart from this quantum addition, assessee is challenging re-opening of assessment in assessment year 2016-17.
Accordingly, he made an addition of Rs.27,50,000/- in assessment year 2016-17 and Rs.28,50,000/- in assessment year 2020-21.
According to the AO, assessee has purchased a flat No.133 Tower No.2, 13thFloor from Homeland Heights Apartments.
Accordingly, we do not find any merit in this ground of appeal in assessment year 2016-17.
In the result, appeal for assessment year 2016-17 is partly allowed, whereas, appeal in assessment year 2020-21 is allowed.