ITAT deletes Addition on Refund of Advance under Sale Agreement in Installments [Read Order]

ITAT - Refund - Sale Agreement - Installments - Taxscan

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has recently deleted an addition in respect of receiving refund of advance paid by the assessee under a sale agreement in installments. The assessee, M/s Sasi Enterprises, is a resident firm and it has been assessed as an unregistered firm since it failed to file…

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