Addition u/s 68 - Additions based on the information received ...

Income Tax Section 68: Info from Different Jurisdiction's ITO is a Trigger, Not Conclusive; AO Must Re-evaluate Thoroughly.

May 26, 2023

Case Laws Income Tax AT

Addition u/s 68 - Additions based on the information received from ITO having different Jurisdiction - The Information is just an information for setting the machinery into motion, it cannot be treated as a gospel truth. The issue has to be examined, therefore, AO is directed to look into all these aspects afresh and read judicate the issue after providing due opportunity of hearing to the assessee - AT

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Addition u/s 68 - Additions based on the information received ...

Income Tax Section 68: Info from Different Jurisdiction's ITO is a Trigger, Not Conclusive; AO Must Re-evaluate Thoroughly.

May 26, 2023

Case Laws Income Tax AT

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