AO cannot confirm addition ignoring on record confirmation without issuing section 131 summon

Suraj Stones Corporation Ltd. Vs ITO (ITAT Bangalore)

Without issuing summons under section 131 of the Act to a party who filed confirmation, no adverse inference can be drawn by the AO.

It is clear from the orders of the revenue authorities that they not made any reference to the documentary evidence filed by the assessee. The case of the Revenue appears to be that M/s. Sneha International was rotating cash by transferring funds to various entities. M/s. Sneha International received

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