AdvertisementBharat Harishchandra Purohit Vs DCIT (ITAT Mumbai) The Mumbai Bench of the Income Tax Appellate Tribunal allowed the assessee’s appeals for Assessment Years 2017-18 and 2018-19 against orders of the Commissioner of Income Tax (Appeals) sustaining additions under Section 69 of the Income-tax Act. The assessee challenged additions made on the basis of a search conducted on the Rubberwala Group on 17.03.2021. During the search, statements of key persons of the group were recorded, including that of an employee who allegedly stated that “on-money” had been collected from purchase...