The Income Tax Appellate Tribunal ( ITAT ), Chennai bench held that no addition should be made on the basis of outcome of confirmatory letters when assessee proved genuineness of business transactions. The assessee,Mahasakthi Mills Pvt. Limited being resident corporate assessee is stated to be engaged in manufacturing of cotton yarn.After filing the return of…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1199 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
