Documentary Evidences Furnished by Assessee to Claim Loss Suffered not held to be Bogus/False by AO during Assessment or Penalty Proceedings : ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]

Documentary Evidences Furnished - Assessee - Claim Loss Suffered - Bogus-False - AO during Assessment - Penalty Proceedings-ITAT Deletes Penalty - Income Tax Act-TAXSCAN

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) held that the documentary evidences have not been held as false either by the AO during the assessment proceeding or during penalty proceeding. The assessee company Robbs Traders & Finance Pvt. Limited has filed its return of income electronically on declaring total income of Rs.1,06,120/-. The…

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