AO not bound to Make Enquiry unless Assessee has Discharged Initial Onus u/s 68: ITAT Upholds Addition [Read Order]

AO not bound to Make Enquiry unless Assessee has Discharged Initial Onus us 68 - ITAT Upholds Addition - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the additional holding that the Assessing officer (AO) was not bound to make enquiry unless the assessee had discharged the initial onus under Section 68 of the Income Tax Act, 1961. Assessee, Endarsh Investment & Finance Pvt. filed return of income declaring income as…

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