AdvertisementSonopix Productions Private Limited Vs ACIT (ITAT Hyderabad)Hyderabad ITAT Remands ₹2.15 Crore Alleged On-Money Addition: Findings in Developer’s Own Appeal Crucial Where Addition Is Based Solely on Documents Seized From DeveloperThe Hyderabad ITAT in Sonopix Productions Pvt. The ITAT held that the findings ultimately recorded in the developer’s appellate proceedings regarding the “genuineness, nature and evidentiary value” of the seized documents would have a direct bearing on the assessee’s case. On the basis of the seized documents found from the premises of the developer, the Learned Assessing Officer(“Ld. AO observed that out of the total cash/on-money reflected in the seized documents, an amount of ₹2,15,00,000 pertained to the year under consideration. The addition has been made solely on the basis of the seized documents recovered from the premises of the developer.