No Evidence to prove Nature and Source of Property: ITAT upholds Income Addition u/s 69 A [Read Order]

Evidence - Nature and Source of Property - Source of Property - ITAT - Income Tax - Property - Income Addition - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld the addition under section 69 of the Income Tax Act,1961 in the absence of evidence to prove the nature and source of property. M/s. Shivram Consultants India Pvt. Ltd, the assessee company filed its return of income for the A.Y. 2011-12 under section…

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