Assessee Not Liable for Non-Attendance of Summoned Parties: ITAT Mumbai

Srestha Arts & Commodities Private Limited Vs DCIT (ITAT Mumbai) ITAT Mumbai Deletes ₹2.51 Cr Bullion Trade Addition: Assessee Not Liable for Non-Attendance of Summoned Parties The Income Tax Appellate Tribunal (ITAT), in the case of Srestha Arts & Commodities Private Limited, noted that the assessee provided all relevant sales and purchase invoices, bank statements, and other documents to establish the genuineness of the transactions. The assessee also submitted names, addresses, and PAN details of the gold bullion buyers and sellers, along with confirmations from the involved parti...