ITAT Deletes Additions Due to Lack of Evidence Supporting Bogus Expense Claims

ACIT Vs Tiktok Enterprises (ITAT Mumbai) In the case of ACIT vs Tiktok Enterprises, the Income Tax Appellate Tribunal (ITAT), Mumbai, adjudicated four appeals filed by the Revenue along with corresponding cross objections filed by the assessee against orders passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi. The dispute related to multiple assessment years from 2019–20 to 2022–23, arising out of reassessment proceedings initiated urnder Section 147 of the Income-tax Act. The primary issue involved deletion of additions made by the Assessing O...