ITAT Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase u/s 56(2)(vii) of Income Tax Act [Read Order]

By Shabna Rahim - On July 3, 2023 11:32 am - 2 mins read
ITAT - Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase of Income Tax Act - TAXSCAN

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the assessing officer on the ground of disclosure of genuine documents of land purchase under section 56(2)(vii) of the Income Tax Act,1961.  Asha Vijay, the appellant assessee appealed against the order passed by the Commissioner of Income Tax (Appeals) for…

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