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Section 68 Addition of ₹11.66 Cr Unsustainable Without Evidence: ITAT Delhi
Case Law Details
- Case Name
- ITO Vs Agl Logistics Pvt. Ltd (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Delhi
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ITO Vs AGL Logistics Pvt. Ltd. (ITAT Delhi)
Income Tax Appellate Tribunal (ITAT) Delhi has dismissed an appeal by the Income Tax Officer (ITO) against AGL Logistics Private Limited, thereby upholding the deletion of a significant tax addition of ₹11.73 crore. The tribunal’s decision reaffirms that an Assessing Officer (AO) cannot make a tax addition based solely on unverified Suspicious Transaction Report (STR) information without conducting further, independent verification.
The case originated from the assessment proceedings for the financial year 2018-19, during which t...
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