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ITAT Faults CIT(A) for Ignoring Proof Against 69A ‘Unaccounted Sales’ Charge

Case Law Details

Case Name
Ador Welding Limited Vs DCIT (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2021-22
Advertisement Ador Welding Limited Vs DCIT (ITAT Mumbai) ITAT Mumbai Remands 69A ‘Unaccounted Sales’ Addition; AO Changed Allegation Without Fresh SCN & CIT(A) Failed to Examine Evidence Assessee appealed against the sustenance of an addition of ₹2,79,87,351 made as unexplained money u/s 69A, based on alleged unaccounted sales to four parties-Heavy Vehicles Factory, Commanding Officer (Air Force Station), Sri Satya Agencies, & Shreenath Agencies. ITAT noted that AO issued an SCN alleging bogus expenses to these parties, but in the final order completely shifted the allegation,...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,842

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