AO Adds based on Mobile Phone Image Indicating Higher Sale Consideration: ITAT Deletes due to Absence of Corroborative Evidence

The ITAT deleted an addition to the taxpayer’s income based on a mobile phone image indicating higher sale consideration due to the lack of corroborative evidence. The AO had added income based on an image of a mobile phone conversation showing a higher sale price, but the ITAT ruled that this was insufficient to establish the accuracy of the claim. The ruling underscores the need for proper documentation and corroborative evidence before making any adjustments to taxable income.