Failure to Explain Unexplained Credits of Rs. 11 Cr due to Covid-19: ITAT remands Matter [Read Order]

The Assessing Officer had noted lack of cooperation on the part of the assessee during the assessment proceedings
By Manu Sharma - On September 2, 2024 12:46 pm - 2 mins read
Income Tax ITAT - Covid-19 tax issues - unexplained cash credit - section 68 - TAXSCAN

The Income Tax Appellate Tribunal ( ITAT ) Delhi recently dealt with an Income Tax case involving unexplained credits of Rs. 11.06 crore, where the appellant challenged an addition made by the Assessing Officer ( AO ) under Section 68 of the Income Tax Act. In the instant case an order under Section 144 of…

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.)
Ā  ā‚¹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader