AO Cannot Base Section 68 Additions on Inferences from Sample Transactions

JCIT (OSD) Vs Lekh Raj Educational & Charitable Trust (ITAT Chandigarh)

The Income Tax Appellate Tribunal (ITAT), Chandigarh, recently delivered its order in the appeal filed by the Joint Commissioner of Income Tax (OSD) against the Lekh Raj Educational & Charitable Trust. The case centered on substantial additions made by the Assessing Officer (AO) to the trust’s income, which were subsequently deleted, either wholly or partly, by the Commissioner of Income Tax (Appeals) [CIT(A)]. The Revenue’s appeal contested these deletions, totaling Rs. 9,10,37,838.

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