Material /document Uncovered during Search Raises no doubt or suspicion against Taxpayer: ITAT deletes addition u/s 153A [Read Order]

The material/documents found during the course of search also do not raise any doubt or suspicion against the assessee
Material - document Uncovered - Search Raises no doubt - suspicion - Taxpayer - ITAT - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted addition under Section 153A of the Income Tax Act, 1961 as material uncovered during search raises no doubt or suspicion against taxpayer. The assessee was a co-operative credit society and is a registered Multi-State Co-operative Urban Credit Society established under the Multi-State…

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