Addition u/s 68 not permissible if proper due diligence of facts and documents have not been carried out

Urmila Properties Pvt. Ltd Vs ITO (ITAT Kolkata) Conclusion: The ITAT on the issue of addition under Section 68 observed that in the impugned Assessment Order, the AO has passed the impugned Assessment Order in a hurried manner even without pointing out any defect or discrepancy in the evidences and details furnished by the assessee. Therefore, additions under Section 68 were ordered to be deleted. Facts: The present appeal has been preferred by the assessee against the order dated 24.12.2019 of the CIT(A) passed u/s 250 of the Income Tax Act. The assessee in this appeal has taken the followin...