ITAT deletes Addition made u/s 69 of Income Tax Act without considering Evidence related Agreement of Sale [Read Order]

ITAT deleted the addition made under Section 69 of the Income Tax Act, 1961 without considering the evidence related to agreement of sale

By Aparna. M - On May 23, 2024 8:04 pm - 2 mins read

ITAT - Income tax - ITAT Delhi - Section 69 of the Income Tax Act - tax news - Taxscan

The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) deleted the addition made under Section 69 of the Income Tax Act, 1961 without considering the evidence related to agreement of sale. The Assessee, Vipul Gupta derives income from salary, commission and also income from other sources. When a Search and seizure…

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