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Sunday, May 28, 2017

Addition based on mere Sales Tax Dept observations not sustainable

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On the facts and in the circumstances of the case and in law, the ld. CIT(A) erred in deleting the addition of Rs 14,36,653 which was made by invoking the provisions of section 69C of the I. T. Act by treating the purchase are genuine without appreciating the fact that the notices u/s 133(6) issued to the parties were returned unnerved as addressee was not available at the given address.

May 28, 2017 at 04:25PM

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from CA Sandeep Kanoi

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