Mere Suspicious Information received from DDIT can’t be a ground to raise Addition u/s 69B of Income Tax Act: ITAT [Read Order]

By Sunayana Dhal - On August 31, 2023 2:00 pm - 2 mins read
Mere Suspicious Information - DDIT - Addition - Income Tax Act - ITAT - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that mere suspicious information received from the Deputy Director of Income Tax (DDIT) cannot be a ground to raise an addition under Section 69B of the Income Tax Act, 1961. The assessee is an individual and is earning brokerage income as an estate agency…

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