Assessee should get Reasonable Opportunity before Making Addition u/s 40A (7) before Processing Rectification Application: ITAT [Read Order]

By Fathima Karama A.M - On June 16, 2023 5:30 pm - 2 mins read

Assessee - get Reasonable Opportunity - before Making Addition - Processing Rectification Application - ITAT - TAXSCAN

The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessee should be given reasonable opportunity before making addition under Section 40A (7) of the Income Tax Act, 1961 before processing the rectification application. During processing the returns under Section 143(1) of the Income Tax Act, the provision for payment of gratuity…

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