No Live Link b/w AIR Information and AO’s Finding that Assessee is Beneficiary of Fraudulent Transactions: ITAT Quashes Re-Assessment Proceedings [Read Order]

No Live Link between AIR Information and AO’s Finding - AIR Information - Assessee is Beneficiary of Fraudulent Transactions - ITAT - Re-Assessment Proceedings - Taxscan

The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that Mere ground of being benefitted from fraudulent transaction doesn’t prove being a beneficiary to such fraud. The appellant, an individual engaged in the business of dealing in land and trading in derivatives. The Return of Income for the assessment year 2009-10 was filed…

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
taxscan-loader