Personal Identity of Depositors Confirmed: ITAT upholds deletion of addition u/s 68 of Income Tax Act [Read Order]

(ITAT) has upheld the deletion of addition under Section 68 of the Income Tax Act, 1961, confirming the personal identity of depositors
By Aiswarya Krishnadas - On February 22, 2024 2:33 pm - 2 mins read
TAT Delhi - Income Tax Act - Income Tax - ITAT Decision on Section 68 - Income Tax Act Section 68 - Taxscan

The two member bench of the Income Tax Appellate Tribunal ( ITAT ) Delhi, upheld the deletion of addition under Section 68 of the Income Tax Act, 1961, confirming the personal identity of depositors.  The brief fact of the case revealed that a return declaring an income of Rs. 11,28,235/- was filed on September 17,…

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