Section 69B Requires Evidence, Not Conjectures: ITAT

Babusona Mondal Vs DCIT (ITAT Kolkata)

Introduction: In a recent case, the Income Tax Appellate Tribunal (ITAT) Kolkata addressed an appeal filed by Babusona Mondal against the Assessing Officer’s (AO) addition under Section 69B of the Income Tax Act. The appeal centered on two main issues – unexplained investments and disallowed publicity expenses. This article provides a comprehensive analysis of the case and the ITAT’s ruling.

Detailed Analysis:

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