ITAT Pune Dismisses Revenue Appeal Below Tax Effect of Rs. 60 Lakh

ITO Vs Yousuf Abdul Sattar Pochi (ITAT Pune) The Income Tax Appellate Tribunal (ITAT) Pune, in the case of ITO Vs Yousuf Abdul Sattar Pochi for Assessment Year 2017-18, addressed an appeal filed by the Revenue against the order of the Commissioner of Income-Tax (Appeals), National Faceless Appeal Centre 1 (NFAC). The NFAC had deleted an addition of Rs. 12.82 lakh, which the Assessing Officer had made as unexplained investment under Section 69A of the Income Tax Act, 1961. During the proceedings, the ITAT noted that the disputed tax amount in the Revenue’s appeal, as reported in Form 36, ...