Wednesday, April 29, 2020

ITAT upholds Addition of 12.5% for taking Bills without Delivery of Goods [Read Order]

The Income Tax Appellate Tribunal (ITAT) upheld the decision of CIT(A) where 12.5% for taking bills without delivery of goods. The assessee, Vijay B Shah (HUF) is engaged in the trading of iron and steel. The Assessing Officer has reopened the assessment on getting information regarding assessee taking accommodation purchase bills. The Assessing Officer made […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3cUGzTd

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