Merely on basis of Statement of Director of Vendor Company, Addition u/s 69B can’t be made ignoring facts of Assessee Company: ITAT [Read Order]

By Sunayana Dhal - On November 18, 2023 7:00 am - 2 mins read
Merely on basis of Statement - Director of Vendor Company - Vendor - Vendor Company - taxscan

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that merely on the basis of the statement of the director of the vendor company an addition under Section 69B of the Income Tax Act, 1961 cannot be made by ignoring the facts of the assessee company. The appellant is a Private Limited Company,…

Your free access to Taxscan has Expired

To read the article, get a premium account.

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.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader