Assessee Discharged Burden u/s 68 and Furnished Written Submission to AO: ITAT deletes Addition [Read Order]

Assessee Discharged Burden - Furnished Written Submission to AO ITAT deletes Addition - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee had discharged its burden as per Section 68 of the Act, by filing confirmation, affidavit, copy of the income tax return and bank statement of the parties. The assessee filed return of the Assessment Year 2011-12 declaring an income of Rs….

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