Case Law Details
Case Name : ACIT Vs Yogesh Mulwani (ITAT Lucknow)
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Lucknow
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ACIT Vs Yogesh Mulwani (ITAT Lucknow)
ITAT held that Addition under section 68 of Income Tax cannot be made for purchases as purchases is an expense which is debited in books and not a loan or deposit which is credited in books
FULL TEXT OF THE ORDER OF ITAT LUCKNOW
This is Revenue’s appeal against the order of the ld. CIT (A)-1, Lucknow, dated 23.9.2020 for the Assessment Year 201617, raising the following grounds of appeal:
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