Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
ITAT sustained the order of the lower appellate authority and allowed the appeal of the assessee in part. The Tribunal held that additions disallowing job-work expenses as alleged sham transactions were rightly deleted by the CIT(A) because the assessee produced plausible independent evidence and the Revenue failed to rebut it; those disallowances were therefore not sustained. The Tribunal directed deletion of additions treating demonetization cash deposits as unexplained credits u/s 68 r.w.s. 115BBE, finding cash sales and offered profits accepted and that invoking s.68 would result in impermissible double taxation. Claim for deduction u/s 80JJAA was remitted to the AO for verification and allowance if found in accordance with law.