Satisfaction u/s 151 of Income Tax Act is not Empty Formality: ITAT quashes Income Tax Addition made in Mechanical and Stereotyped Manner [Read Order]

By Kalyani B. Nair - On June 2, 2023 7:00 am - 2 mins read
Satisfaction us 151 of Income Tax Act is not Empty Formality - ITAT quashes Income Tax Addition made in - Mechanical and Stereotyped Manner - TAXSCAN

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), observed that the satisfaction under Section 151 of the Income Tax Act is not an empty formality and quashed income tax addition made in mechanical and stereotyped manner. In the present case, the assessee, M/s. ECI Engineering & Construction Co Ltd, has filed the original…

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