Addition of Income based on statement of Director without verifying details of Payments from Third Parties is not permissible: ITAT [Read Order]

Addition of Income - addition - income - statement of Director - statement - Payments - Third Parties - ITAT - taxscan

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that the Addition of Income based on the statement of the Director without verifying details of payments from Third parties is not permissible.  Shri Samir Tekriwal appeared on behalf of the assessee and Shri P.F.Jain appeared on behalf of the revenue.   The…

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Deputy Commissioner of Income Tax vs M/s. Nexus Software Ltd

Counsel for Appellant:   Shri Samir Tekriwal

Counsel for Respondent:   Shri P.F.Jain

CITATION:   2022 TAXSCAN (ITAT) 1735

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