Ad hoc addition of Unexplained Receipts without calling for records: ITAT remands matter for readjudication [Read Order]

It was submitted by the assessee that although relevant information was submitted,no verification was carried out by the authorities below
ITAT - ITAT Mumbai - Ad hoc addition - Remand for Readjudication - Income Tax - Unexplained Receipts - Taxscan

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded an income tax matter for readjudication on ground that the Assessing Officer ( AO ) made an ad hoc addition of unexplained receipts without calling for the necessary records. In this case, the assessee, BLR Logistics ( India ) Ltd., has…

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