Mere Non-production of Evidence by the Creditor of Assessee doesn’t result in Addition of Income: ITAT allows Appeal [Read Order]

Mere - Non - production - Evidence - Creditor - Assessee - result - Addition - Income - ITAT - Appeal - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that mere non-production of evidence by the creditor of the assessee doesn’t result in the addition of income. The assessee is a partnership firm carrying on the business of builders and developers, filed its return of income at a total income of Rs.3,10,736/-. The…

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