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ITAT Rejects Revenue’s Addition Based Only on Third-Party Statement
Case Law Details
- Case Name
- DCIT Vs Cable Corporation of India Limited (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Mumbai
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DCIT Vs Cable Corporation of India Limited (ITAT Mumbai)
Bogus addition can’t rest on shaky confession alone: ITAT rejects transport expense disallowance based solely on retracted third-party statement
Mumbai ITAT in a batch of Revenue appeals in dismissed all appeals of Revenue & upheld deletion of additions towards alleged bogus transport expenses. AO had made additions (₹3.41 crore for AY 2018-19 & similar additions in other years) solely on the basis of statements of a third party transporter, Shri Pradip Udeshi, recorded during search, alleging accommodation billing withou...
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