No Nexus, No Addition: ITAT Deletes ₹50 Lakh U/s 69A Based on ‘Dumb’ Seized Document The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has allowed the appeal of Shree Maya Real Estate Pvt. Ltd. for the Assessment Year 2019-20, deleting an addition of ₹50,00,000 made under Section 69A of the Income Tax Act. The Tribunal strongly criticized the Assessing Officer (AO)…
The post No Nexus, No Addition: ITAT Deletes ₹50 Lakh U/s 69A Based on ‘Dumb’ Seized Document appeared first on The Tax Talk.
