Monday, June 29, 2020

Addition u/s 68 by AO without taking approval from Pr CIT/CIT is Invalid: ITAT

The Guwahati bench of the Income Tax Appellate Tribunal (ITAT) has invalidated the addition made by the Assessing Officer without taking approval from the Pr CIT/CIT in terms of the circular issued by the Central Board of Direct Taxes (CBDT). The assessee was aggrieved by the action of the AO to have expanded the assessment […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3ic7tt0

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