ITAT Directs AO to Verify Claim of Fabricated Financial Statements of Assessee

ITO Vs Kali Infra Pvt. Ltd. (ITAT Chennai)

Introduction: The case of ITO Vs Kali Infra Pvt. Ltd. revolves around the dispute arising from the assessment year 2013-14. The Revenue has filed two appeals against the order of the Commissioner of Income Tax (Appeals)-8, Chennai, dated 04.01.2018.

Detailed Analysis: The assessee company, engaged in infrastructure development, declared a total loss of Rs. 2,02,036/- for the assessment year 2013-14. During the scrutiny, the Assessing Officer

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