Failure to Explain Unexplained Credits of Rs. 11 Cr due to Covid-19: ITAT remands Matter [Read Order]

The Assessing Officer had noted lack of cooperation on the part of the assessee during the assessment proceedings
Income Tax ITAT - Covid-19 tax issues - unexplained cash credit - section 68 - TAXSCAN

The Income Tax Appellate Tribunal ( ITAT ) Delhi recently dealt with an Income Tax case involving unexplained credits of Rs. 11.06 crore, where the appellant challenged an addition made by the Assessing Officer ( AO ) under Section 68 of the Income Tax Act. In the instant case an order under Section 144 of…

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