Discrepancies in KYC docs don’t constitute incriminating material: ITAT Mumbai

Renukamata Multi–State Co–operative Society Ltd. Vs ACIT (ITAT Mumbai)

The case of Renukamata Multi-State Co-operative Society Ltd. vs. ACIT (ITAT Mumbai) revolves around the assessment years 2012–13 to 2015-16 and challenges the incriminating nature of discrepancies found in KYC documentation during search and seizure operations against the assessee, Renukamata Multi-State Co-operative Society Ltd., by the Income Tax Department. This case illustrates the complexities surrounding tax assessments and the evidentiary req

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