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Alleged Bogus Transport Charges Rejected for Want Proof
Case Law Details
- Case Name
- ITO Vs Manilal Bhamjibhai Shah (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Ahmedabad
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ITO Vs Manilal Bhamjibhai Shah (ITAT Ahmedabad)
Alleged Bogus Freight Receipts from Electrotherm: ITAT Upholds Deletion of ₹3.52 Crore Addition u/s 69
The Ahmedabad Bench of the ITAT dismissed the Revenue’s appeal challenging deletion of an addition of ₹3.52 crore made under section 69 on account of alleged undisclosed freight income. The assessee, engaged in transport business, was alleged to be a beneficiary of bogus transportation charges booked by M/s Electrotherm India Ltd., based on information from the Investigation Wing.
The Tribunal noted that the Revenue failed to bring any mat...
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