Failure to establish Ingredients prescribed u/s 68 of Income Tax Act : ITAT upholds addition [Read Order]

By Aparna. M - On March 25, 2024 4:45 pm - 2 mins read
Failure - Ingredients - Income Tax Act - ITAT - ITAT upholds addition - income tax - itat kolkata - taxscan

The Kolkata   bench Income Tax Appellate Tribunal (ITAT)  while confirming the addition made by the assessing officer held that the assessee failed to establish the ingredients prescribed uner Section 68 of the Income Tax Act, 1961.   The assessee Invorex Trading Pvt. Ltd filed the  appeal against the addition made by the assessing officer towards the…

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