Failure to controvert evidence with respect to Sale against Advance amount received from Trade Creditors by ITD: ITAT deletes addition [Read Order]

ITAT - ITAT Mumbai - ITAT deletes addition - ITAT sale against advance - TAXSCAN

The Two member bench of Income Tax Appellate Tribunal ( ITAT ) of Mumbai while deleting the addition made by the assessing officer held that the Income Tax Department failed to controvert evidence with respect to sale against advance amount received from trade creditors. The Assessee Hiral Exports  after filing the return of the Income…

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