ITAT Deletes Rs 24.70 Lakh Addition for Alleged On-Money Payment as AO Failed to Prove Cash Transaction:

The ITAT has held that an addition towards alleged on-money payment for purchase of a flat cannot be sustained where the Revenue fails to establish actual cash payment through independent evidence.

Addition Under Section 69 Cannot be Sustained Solely on Third-Party Statements Without Independent Evidence

Saloni Kumari

Jun 4, 2026

Last update on Jul 23, 2026

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ITAT Deletes Rs 24.70 Lakh Addition for Alleged On-Money Payment as AO Failed to Prove Cash Transaction

The ITAT has held that an addition towards alleged on-money payment for purchase of a flat cannot be sustained where the Revenue fails to establish actual cash payment through independent evidence.

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Saloni Kumari

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Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].