Capital Introduction Explained with Documentary Evidence – Section 68 Addition Deleted

Ghanshyambhai Devrajbhai Dobariya Vs ITO (ITAT Surat) Capital Introduction Explained with Documentary Evidence – Section 68 Addition Deleted The Surat Bench of the ITAT allowed the assessee’s appeal for AY 2012-13 and deleted the addition of ₹26.23 lakh made under section 68 in respect of capital introduced by the assessee. The Tribunal noted that the assessee had furnished comprehensive documentary evidence including bank statements, cash book, return acknowledgements for earlier years, agricultural land records (7/12), and other supporting documents explaining the source of capital. On...