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Lack of Evidence: ITAT deletes Income Tax Addition against Karnataka Ex-CM B S Yediyurappa

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The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has deleted an income tax addition made against former Chief Minister of Karnataka for want of documentary evidence supporting the addition. Last year, a five-day search operations conducted by the Income Tax department in Karnataka and three other states have resulted in the detection of a huge amount of undisclosed income. The raids were carried out in 47 locations, including at the house of a close aide of former Karnataka chief minister BS Yediyurappa.


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