ITAT Allows Additional Local Language Documents, Rejects Section 69A Addition

ITO Vs Chikkaankandhalli Raithara Seva Sahakara Sanga Niyamitha (ITAT Bangalore) Tribunal Upholds Acceptance of Additional Documents in Local Language, Rejects AO’s Addition u/s 69A : ITAT Bangalore Assessee is a co-operative society extending loans to its members. The case was taken up for assessment since large financial transactions were done by assessee. Assessee filed various details including copy of bank statements, computation of income, form 26AS & other documents in local language. In spite of the documents produced,  AO did not verify some of the documents for the reason that...