Case Law Details
Case Name : ACIT Vs Rohan Corporation India Pvt. Ltd. (ITAT Bangalore)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Bangalore
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ACIT Vs Rohan Corporation India Pvt. Ltd. (ITAT Bangalore)
Dumb Documents Can’t Tax Real Estate Deals – Loose Sheets Are Dumb Documents – ITAT Bangalore Deletes ₹2.52 Cr Additions
Assessee company, a Mangalore-based real estate developer, faced additions of ₹2.52 crore for AY 2014-15 on the allegation that it made cash payments to Global Star Realtors Pvt. Ltd. AO relied on loose excel sheets impounded during a survey at SCDCC Bank in 2016, which purportedly reflected unrecorded payments. Similar additions were also made for AY 2015-16.
CIT(A), Panaji deleted the additions, obser...
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