Satisfaction of AO u/s 69C should be Subjective: ITAT deletes Income Tax Addition [Read Order]

ITAT - Income Tax Addition - taxscan

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has recently in an appeal filed before it, while deleting the Income Tax Addition, held that satisfaction of Assessing Officer (A.O), under section 69C of the income tax act should be subjective. The aforesaid observation was made by the Tribunal when an appeal was preferred before it…

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