Addition u/s 68 read with section 115BB - Authorities below have ...

Case Laws Income Tax

October 24, 2020

Addition u/s 68 read with section 115BB - Authorities below have not drawn any adverse inference against the claim of the assessee. Rather AO as well as ld. CIT (A) kept on essay writing spree on the basis of surmises in making the impugned addition by completely ignoring the evidence available on record, hence addition made by the AO and confirmed by the ld. CIT (A) is not sustainable on merit also. - AT

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Addition u/s 68 read with section 115BB - Authorities below have ...

Case Laws Income Tax

October 24, 2020

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