ITAT upholds CIT(A) Ruling on Accounting Manipulation and Tax Evasion Due to Insufficient Evidence [Read Order]

The ITAT upheld the CIT(A)'s ruling, asserting that the AO failed to demonstrate any tax evasion through a thorough examination of the books
By Sneha Sukumaran Mullakkal - On October 13, 2024 3:26 pm - 2 mins read
ITAT - Accounting Manipulation - Tax Evasion - Insufficient Evidence - taxscan

The Chennai Bench of Income Tax  Appellate Tribunal(ITAT) upheld the ruling of the Commissioner of Income Tax (Appeals) [CIT(A)] regarding accounting manipulation and tax evasion due to insufficient evidence. The revenue-appellant filed an appeal for Assessment Year (AY) 2015-16 against the order of the CIT(A), dated March 5, 2024, concerning an assessment made by the…

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