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ITAT Deletes Protective Addition as Partner Cannot Be Taxed for Firm’s Alleged Bogus Purchases
Case Law Details
- Case Name
- ITO Vs Nishant Agrawal (ITAT Raipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Raipur
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ITO Vs Nishant Agrawal (ITAT Raipur)
Protective Addition on Partner Set Aside Due to Lack of Direct Connection With Transactions; ITAT Rejects Protective Taxation of Partner for Partnership Firm’s Bogus Purchase Allegations; Bogus Purchase Addition Deleted as Assessee Was Only Partner During Relevant Year; ITAT Upholds Deletion of Rs.1.92 Crore Addition for Absence of Substantive Findings Against Partner.
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, dismissed the Revenue’s appeal against the deletion of a protective addition of Rs.1,92,55,750 made in the hands o...
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