No Addition during Reassessment once Genuineness of Transaction is Proven: ITAT [Read Order]

Addition during Reassessment once - Genuineness of Transaction is Proven - ITAT - TAXSCAN

The Surat Bench of Income Tax Appellate Tribunal (ITAT) has held that addition would not sustain once the genuineness of transaction is proven. During the assessment proceedings the assessing officer got information from the investigation wing that Delight Diam P Ltd. and Bafna Exim Pvt. Ltd. are not carrying out any real business but are…

Your free access to Taxscan has Expired

To read the article, get a premium account.

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

taxscan-loader