ITAT Deletes ₹3.03 Crore Addition as AO Failed to Conduct Independent Verification

ACIT- Panchkula Vs Medisys Universal Pvt. Ltd. (ITAT Chandigarh) Additions Under Section 68 Unsustainable Due to Mere Address Mismatch, Rules ITAT;  ITAT Removes Unexplained Cash Credit Additions Because Transactions Were Through Banking Channels;  Rent Expense Disallowance Deleted Because Lack of Notarized Amendment Was Not Sufficient Ground;  ITAT Holds AO Cannot Make Section 68 Addition Without Proper Inquiry Into Creditors;  Section 68 Addition Deleted Because Assessee Proved Identity and Transactions of Creditors;  ITAT Deletes Loan Addition Because Assessee Produced Financial Statem...