Mentioning of PAN does not attribute Transaction or Credit to Assessee: ITAT [Read Order]

PAN - transaction - credit - assessee - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT), New Delhi held that mentioning PAN does not attribute transaction or credit to an assessee. The department, Shri Madhav Kumar Swarup, claimed to have been in possession of an AIR/CIB information that the assessee has purchased units of mutual funds and paid totaling amount of Rs. 31,00,000/-on his residential…

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