Addition of mere book entry unsustainable

Rajesh Kumar Gupta Vs ACIT (ITAT Chandigarh)

ITAT Chandigarh held that addition of mere book entry unsustainable as no amount has been received and no adverse interference with regard to the same has been drawn by the department.

Facts- Assessee alleges that CIT(A) has erred in confirming action of AO by assessing income at Rs. 1,24,53,530/- against the declare total loss of Rs. 54,02,028/-.

Conclusion- After considering

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