Assessments Quashed as Blank Letterheads Cannot Form Evidence: ITAT Delhi

RG Home Furnishing Pvt. Ltd. Vs DCIT (ITAT Delhi)

Blank Letterheads Are “Dumb Documents”: Delhi ITAT Quashes 153A Assessments & Penalties for Want of Incriminating Materia- Suspicion Cannot Substitute Evidence—153A Additions Based on Blank Letterheads Invalid, ITAT Sets Aside All Years

Assessee, part of the Garg Group, was subjected to search on 22.06.2016 & assessments were framed u/s 153A r.w.s. 143(3) alleging bogus machinery purchases from four concerns—Fibretech Enterprises, Zenith Enterprises, Malik International & Supreme Internati

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