ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]

ITAT - Income Tax Act - Insufficient Evidence of Bogus Transaction - Insufficient Evidence -Bogus Transaction - Evidence - taxscan

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) deletes Addition under Section 68 of Income Tax Act, 1961 due to Insufficient Evidence of Bogus Transaction. The issue of the case is CIT (Appeals) had erred in confirming the addition of Rs.20,00,000/-, which was added by the  Assessing Officer. The assessee Anup Trade And…

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