Acceptance of Purchase and Sale Documents: ITAT deletes Addition of Income from Property Transaction u/s 69A by AO [Read Order]
Considering the AO’s acceptance of the purchase and sale documents, ITAT deleted the addition made under undisclosed income
By Kavi Priya - On September 4, 2024 5:28 pm - 2 mins read
The New Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition made by the assessing officer under section 69A of the Income Tax Act, 1961. The decision followed as the AO accepted the purchase and sale documents and no evidence to prove otherwise. Vinay Chandra, the assessee had a source of…
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