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ITAT Delhi restricts ad-hoc profit addition in milk trading case to 5%, ruling that arbitrary 20% estimates under Section 69A lack evidence.
ITAT remands Section 69A addition after AO failed to verify donors’ creditworthiness. Tribunal stresses fair inquiry before taxing unexplained money.
Mumbai ITAT rules that WhatsApp chats cannot be treated as valid evidence without a Section 65B certificate under the Indian Evidence Act. The Tribunal deletes a ₹3.16 crore addit…