Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]

whims - fancies - Mere whims and fancies by AO - AO - Vital Evidence - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under Section 69A of the Income Tax Act, 1961 due to mere whims and fancies of the Assessing Officer and ignoring the sustainable vital evidence produced by the assessee. The assessee is a senior citizen lady aged 67 years and for the…

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