S. 69A Addition cannot be Based on Surmises, Conjectures and Hypothesis: ITAT [Read Order]

S 69A - Addition - Based - on - Surmises - Conjectures - Hypothesis - ITAT - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has held that Section 69A addition under the Income Tax Act, 1961 cannot be based on surmises conjectures and hypothesis. The Revenue preferred an appeal before the Tribunal as against the orders of the CIT(A), New Delhi, pertaining to Assessment Year 2015-16. The issue involved being in…

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