Liquor Trader’s Cash Deposits & Purchases Cannot Be Taxed Twice: ITAT Bangalore

M.L.A Associates Vs ITO (ITAT Bangalore) Liquor Trader’s Cash Deposits & Purchases Cannot Be Taxed Twice: ITAT Condones Delay and Deletes ₹3.19 Crore Additions The Bangalore Bench of the ITAT allowed the assessee’s appeal for AY 2019-20 by condoning the delay of 264 days in filing the appeal before the CIT(A) and deleting additions of ₹1.51 crore under section 69A and ₹1.67 crore under section 69C, both taxed under section 115BBE. The assessee, a partnership firm engaged in retail liquor business, had failed to file its return due to serious health issues of both partners. The as...