Inappropriate use of discretionary powers by the Income Tax Department under Section 68 of the Income Tax Act: ITAT dismisses appeal [Read Order]
The bench came to this conclusion as it was ascertained that there wasn’t sufficient cause for imposing Section 68 of the Income Tax Act on the assessee
By Amal Michael - On January 10, 2024 2:02 pm - 3 mins read
The Kolkata bench of the Income Tax Appellate Authority rejected revenue’s case for filing an appeal against the decision on CIT(A) for taxing the assessee under Section 68 of the Income Tax Act. The bench came to this conclusion as it was ascertained that there wasn’t sufficient cause for imposing Section 68 of the Income Tax…
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