No addition shall be made without making Independent inquiry from concerned builder regarding purchase of property: ITAT [Read Order]

No -addition - without - Independent -inquiry - concerned- builder- regarding- purchase - property-ITAT-TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no addition should be made without making independent inquiry from concerned builder regarding the purchase of the property. Therefore the bench upheld the decision of deletion of addition done by the CIT(A). When a search and seizure operation under Section 132 of the Income Tax Act…

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