No Section 69A addition on suspicion: ITAT Mumbai deletes ₹3.05 Cr addition 

Ramchandra Keshav and Company Vs CIT (ITAT Mumbai)

In the case of Ramchandra Keshav and Company vs. CIT (ITAT Mumbai), the Income Tax Appellate Tribunal (ITAT) deliberated on the addition of Rs. 3.05 crores made under Section 69A of the Income Tax Act for the Assessment Year 2017-18. The assessee, a partnership firm engaged in

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