ITAT deletes ₹58 Lakh Capital Investment addition due to Name Discrepancy of Taxpayer in Records [Read Order]

Considering the name discrepancy in records, ITAT deletes the addition
ITAT - ITAT Cuttack - Income Tax - capital investment - taxscan

The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the Rs. 58 Lakh capital investment addition made by the assessing officer (AO) due to a discrepancy in the taxpayer’s name in records. Sanjeev Kumar Daitapati, the assessee is a Sevayat at Lord Jagannath Mandir in Puri. He had filed his income tax…

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