The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition made merely on the basis of loose sheets scribbling is unlawful. The assessee is engaged in the business of construction and development of Real Estate. In consequent to a search made on the premises of “Thakkar Group” where the assessee-firm […]
The post Addition based on Loose Sheets Scribbling is Invalid: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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