Income generated cannot be held bogus only based on modus operandi

DCIT Vs Shri Basant R. Agarwal (ITAT Ahmedabad)

ITAT Ahmedabad held that the income generated by the assessee cannot be held bogus only based on the modus operandi. To hold income earned by the assessee as bogus, specific evidence has to be brought on record by the Revenue. In absence of any specific finding

Please become a Premium member. If you are already a Premium member, login here to access the full content.