Addition based on statement recorded u/s 133A without considering evidences is unjustified

ITO Vs Aggarwal Trading Company (ITAT Delhi)

ITAT Delhi held that addition merely on the basis of statement recorded u/s 133A of the Income Tax Act without considering the documents and evidences is unjustified. Accordingly, matter remanded back for fresh consideration.

Facts- Assessment proceedings have been initiated against the assessee, an order u/s 143(3) of the Act came to be passed on 30.03.2015 by making an addition of Rs.2,96,82,150/- in respect of diffrence in st

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