Since it was clear that the assessee has not entered into transaction with entities namely RS Enterprise and Suruchi Trading as alleged by the revenue, the Bench declined to interfere with the order of the CIT(A)
By Adwaid M S - On November 23, 2024 12:47 pm - 2 mins read
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (CIT) Appeals’ decision to delete the addition under Income tax act made by the Assessing Officer (AO) due to lack of corroborative evidence. KapilkumarAmarchand Agrawal, the appellant assessee, underwent a reassessment under Section 148 of the Income Tax…
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