Failure to produce documentary evidence for establish genuineness of Hotel Business Income: ITAT upholds addition u/s 68 of IT Act [Read Order]

ITAT - ITAT mumbai - Hotel business - IT Act - ITAT on Hotel Business - Documentary evidence - TAXSCAN

The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench, while upholding the addition made under section 68 of the Income Tax Act, 1961, observed that the assessee failed to produce documentary evidence to establish the genuineness of Hotel Business income. The assessee, Sanjib Sudhir Pradhan, had undergone the original assessment under section 143(3) read…

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