ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]

By Fidha Lulu K G - On May 15, 2023 9:00 pm - 2 mins read
ITAT - Income Tax Act - Insufficient Evidence of Bogus Transaction - Insufficient Evidence -Bogus Transaction - Evidence - taxscan

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) deletes Addition under Section 68 of Income Tax Act, 1961 due to Insufficient Evidence of Bogus Transaction. The issue of the case is CIT (Appeals) had erred in confirming the addition of Rs.20,00,000/-, which was added by the  Assessing Officer. The assessee Anup Trade And…

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.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader