Rule 46A Violation Rejected as All Documents Were Before AO: Chhattisgarh HC

DCIT Vs Merigold Impex (Chhattisgarh High Court) The Chhattisgarh High Court dismissed an appeal filed by the Revenue under Section 260-A of the Income Tax Act, 1961, challenging the order of the Income Tax Appellate Tribunal (ITAT), Raipur, dated 27.10.2023. The appeal questioned the deletion of an income tax addition of ₹4,89,85,000 by the Commissioner of Income Tax (Appeals) [CIT(A)], which had been upheld by the ITAT. The Revenue contended that the CIT(A) had deleted the addition by recording findings that were perverse to the record, alleging violation of Rule 46A of the Income Tax Rule...