Deletion of Unexplained Income without a Remand Report is Invalid: ITAT quashes Order [Read Order]

Deletion of unexplained income - unexplained income - remand report - ITAT - order - taxscan

The Ahmedabad bench of  Income Tax Appellate Tribunal ( ITAT) held that deletion of unexplained income without calling for a remand report is against the provision of Rule 64A of Income Tax Rules 1962. Shri Bhavesh , the Respondent assessee is an individual who was engaged in trading of cotton bales. On verification of details…

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