Reopening Quashed; Labour Income Already Disclosed & 26AS TDS Reflected; Revenue Appeals Dismissed: ITAT Ahmedabad

ITO Vs Raghavbhai Gordhanbhai Narola (ITAT Ahmedabad)

Reopening Based on Investigation Wing Info Quashed – Labour Income Already Disclosed & TDS Reflected in 26AS – Revenue Appeals Dismissed – ITAT Ahmedabad

The AO reopened assessments for AYs 2013-14, 2015-16 & 2016-17 alleging bogus job-work transactions and unexplained credits based on STR/investigation wing information relating to diamond job work receipts from Kiran Gems Pvt. Ltd. However, the assessee demonstrated that the am

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