ITAT Deletes Additions on Client Code Modifications in Commodity Trading Citing Genuine Transaction Verification [Read Order]
The tribunal observed that the Revenue's additions based on client code modifications lacked substantial evidence, leading to the deletion of the additions
By Franklin Joshva - On March 14, 2025 2:47 pm - 2 mins read
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the additions made by the Assessing Officer (AO) concerning client code modifications ( CCM ) in commodity trading. Modern India Ltd. (assessee), a corporate entity engaged in manufacturing and trading activities, had filed its returns declaring incomes of ₹60,14,050 (AY 2012-13) and…
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