Addition under Section 68 unsustainable in absence of establishment of links between evidences

ITO Vs Kalpesh C. Shah (ITAT Mumbai)

Conclusion: The ITAT deleted the additions made under Section 68 and 69C on the reasoning that AO was unable to establish links between the evidence collected.

Facts: In present facts,  appeals were filed by the Revenue are directed against three separate orders, each dated 19/04/2022, passed by the National Faceless Appeal Centre (NFAC), Delhi for assessment year 2010 – 11; 2011-1

Please become a Premium member. If you are already a Premium member, login here to access the full content.