Addition u/s 68 on Assessee Company not sustainable when the onus was discharged with sufficient evidence: ITAT [Read Order]

Addition - assessee - sufficient evidence - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench held that addition under section 68 of the Income Tax Act,1961 on the assessee company is not sustainable when the onus was discharged with sufficient evidence. The appellant was represented by Shri Aseem Thakkar and the respondent was represented by Shri Atul Pandey. The assessee appealed against…

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