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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Suppressed production or not - loss of material - The assessee ...


Tribunal and CIT(A) Orders Upheld Despite Minor Discrepancies in Assessee's Evidence on Suppressed Production and Material Loss.

March 12, 2019

Case Laws     Income Tax     HC

Suppressed production or not - loss of material - The assessee had itself produced voluminous evidence. This is not a case where the Assessing Officer had caught the assessee by surprise. There may be minor discrepancy or inaccurate recording of non-essential facts by the CIT(A) and the Tribunal. However, the same would not vitiate the very order or shake the foundation of their orders.

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