Restriction of Addition to Rs. 1.45 Crore Despite Shell Company Involvement: ITAT Upholds CIT(A)'s Order
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) confirmed the Commissioner of Income Tax (Appeals) [CIT(A)]’s decision to limit the addition to Rs. 1,45,10,000, acknowledging that although shell companies linked to the Praveenkumar Jain Group were involved in money laundering, the remaining amounts were either not received or refunded. Lydia Construction Pvt. Ltd.,…
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 
