Investigation Wing Inputs Alone Insufficient for Section 68 Additions

ACIT Vs Swikrutee Finance Pvt. Ltd. (ITAT Mumbai)

ITAT Mumbai Quashes Reopening and Upholds Deletion of Section 68/69/69C Additions in Alleged Accommodation Entry Case

The Mumbai Bench of the ITAT dismissed the Revenue’s appeal in the case of Swikrutee Finance Pvt. Ltd. for AY 2013-14, upholding the order of the CIT(A)/NFAC which had quashed the reopening and deleted additions made under sections 68, 69 and 69C.

On the jurisdictional iss

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