No Income Tax Addition without Examination of Documents Furnished by Assessee, on Ground of No Response to Notice Issued by AO: ITAT [Read Order]

By Ipsita Das - On July 14, 2023 10:00 pm - 2 mins read

No Income Tax Addition - Income Tax Addition - No Income Tax Addition without Examination of Documents - Examination of Documents Furnished by Assessee - No Response to Notice Issued by AO - ITAT - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee has proved the genuineness, identity and creditworthiness of the creditors and the Assessing Officer(AO) is directed to delete the addition made under Section 68 of the Income Tax Act, 1961 The assessee company Vachitra Builders Pvt. Ltd engaged in the business…

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