Non – Invocation of Section 115 BBE of Income Tax Act on the addition made on account of unexplained sundry creditors is an error in assessment order: ITAT upholds Revision order [Read Order]

By Ipsita Das - On September 3, 2023 7:00 pm - 2 mins read
Non - Invocation of Section 115 BBE of Income Tax Act on the addition made on account of unexplained sundry creditors is an error in assessment order - ITAT upholds Revision order - TAXSCAN

The Rajkot bench of Income Tax Appellate Tribunal (ITAT) upheld the revision order of the Principal Commissioner of Income Tax (PCIT), holding the non-invocation of Section 115BBE of the Income Tax Act, 1961 on the addition made on account of unexplained sundry creditors under Section 68 of the Income Tax Act as an error in…

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