Additions cannot be Made Without Incriminating Document: ITAT Set Asides Rs. 2 Crore Unexplained Cash Credit Addition [Read Order]

The tribunal observed that since no incriminating evidence was found during the search, the addition was not sustainable under the law

By Franklin Joshva - On March 5, 2025 7:01 pm - 2 mins read

Made Without Incriminating Document - Incriminating Document - ITAT - ITAT Set - Unexplained Cash Credit - Unexplained Cash Credit Addition - taxscan

The Lucknow Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an addition of Rs. 2 crore made under Section 68 of the Income Tax Act, ruling that no additions can be made without any incriminating material. Ocean Dream Infrastructures Pvt. Ltd. (assessee), a real estate company, was subjected to a search and…

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