Statement of College Authorities that Capitation Fee was paid in Cash can’t be used against Assessee: ITAT deletes Addition

The Income Tax Appellate Tribunal (ITAT), Delhi bench has recently deleted an addition against the assessee by observing that the addition cannot be made against the assessee solely on the basis of the statement from the college authorities that the capitation fee was paid by the assessee in cash. The assessment against the assessee was […]

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