This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Creditor Confirmed in Both Books: Section 68 Addition Reopened for Verification
Case Law Details
- Case Name
- Abdul Muqeed Mohammed Vs ITO (ITAT Hyderabad)
- 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 Hyderabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Abdul Muqeed Mohammed Vs ITO (ITAT Hyderabad)
Creditor Confirmed in Both Books: Section 68 Addition Reopened for Verification
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) condoned a delay of 223 days in filing the appeal and set aside the addition of ₹3.06 crore made under section 68, holding that the assessee had demonstrated bona fide reasons for the delay and had produced crucial additional evidence going to the root of the matter.
The addition arose because the Assessing Officer treated a sundry creditor (M/s A.A. Nayeem Beedi Leaves) as unexplained solely on the groun...
Author Info
