ITAT Dismisses Revenue Appeal on 110 Cr Current Liabilities Dispute

DCIT Vs Amtek Transportation Systems Ltd. (ITAT Delhi) No Remand Report, No Revenue Case-  Ex-Parte Additions Collapse — ITAT Upholds CIT(A)’s Evidence-Based Deletions- — 110 Cr Liability Addition Falls Flat Revenue challenged deletion of multiple additions made ex-parte by AO relating to difference in sales turnover, trade payables, current liabilities & exceptional charges. AO had framed the assessment without any representation from Assessee & made huge additions solely on the ground that details were not furnished. Before CIT(A), Assessee filed additional evidences u/r 46A e...