It was noted by the Court that the ITAT observed that the funds of the investing company, and its creditworthiness had been duly considered and discussed by the CIT[A] in its order
The Calcutta High Court recently in a case reaffirmed Income Tax Appellate Tribunal ( ITAT ) deletion of addition made on Income Tax under section 68 of the Income Tax Act 1961. Consequently, the appeal contesting the ITAT’s decision was dismissed. During the financial year 2012-13, the Assessing Officer (AO) added Rs. 17,61,40,800/- to the…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1599 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
