No Addition u/s 68 of Income Tax Act shall be made if Amount does not appear in Books of Account: ITAT [Read Order]

Income -Tax -Act - Amount- Books - Account-ITAT-TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that no additions under Section 68 of the Income Tax Act, 1961 shall be imposed if the amount doesn’t appear in the book of account. The Authorized Representative submitted that the Assessing Officer and Commissioner of Income Tax (Appeal) [CIT-A] both erred in the…

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