Assessing Officer is not required to examine the commercial expediency of the transaction while evaluating the explanation U/S 68: Delhi HC The Pr. Commissioner of Income Tax-6 v. Nucleas Steel Pvt. Ltd. (ITA 978/2018) Facts: 1. The Assessing Officer (AO) made an addition to the income as returned by the Respondent (Assessee) under Section…
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