Absence of Incriminating Material: ITAT rules out Addition on Completed Assessment [Read Order]
The tribunal emphasized that no additions could be made without such evidence, aligning with the Supreme Court's decision in PCIT Central-3 v. Abhisar Buildwell Private Limited
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) ruled out additions on completed assessments due to the absence of incriminating material. The tribunal noted that the Assessing Officer (AO) had not addressed the specific issues remanded by the High Court and merely repeated previous findings. Govindam Export, the appellant-assessee, was a partnership…
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
