‘Finds Addition Too Harsh’: ITAT directs Re-examination of PCIT’s  Rs. 3.4 cr Addition due to Sales Discrepancy [Read Order]

Considering the addition made by PCIT too harsh, the ITAT directs for re-examination
By Kavi Priya - On October 7, 2024 4:37 pm - 2 mins read
ITAT - ITAT Cuttack - ITAT directs Re-examination - PCIT - Income Tax Appellate Tribunal - Principal Commissioner of Income Tax - Sales Discrepancy - Finds Addition Too Harsh - ITAT news - taxscan

The Cuttack Bench of the Income Tax Appellate Tribunal ( ITAT ) found Rs. 3.4 crore addition related to a sale discrepancy excessive and remanded the case to the Principal Commissioner of Income Tax ( PCIT ) for re-examination. Prasanta Kumar Mohapatra, the assessee is engaged in various businesses, including a Honda two-wheeler dealership, a…

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