Money Introduced from JDS Industries not Deemed Taxpayer’s Own Income: ITAT deletes Addition of 4.45 Core u/s 69 [Read Order]

The money introduced to the assessee-company from JDS Industries was not its own income
ITAT - income tax - ITAT ahmedabad - JDS - section 69 of Income Tax Act - ITAT Deletes - JDS Industries - taxscan

The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) has deleted the addition of Rs. 4.45 crore under Section 69, of Income Tax Act, 1961 ruling that money introduced from JDS Industries is not deemed the taxpayer’s own income. Brief facts leading to the case are that a survey action under section 133A…

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