Consideration of bank statements and credit card statements to make addition u/s 68/69C of the ITA Act

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Last updated: 27 March 2021
Quick Summary
This Income Tax Appellate Tribunal case examines the use of bank and credit card statements when making additions to income under Sections 68 and 69C of the Income Tax Act. The assessee is appealing the CIT(A)'s orders for multiple assessment years, disputing the income assessed and challenging the jurisdiction and basis for reassessment.

Court :
ITAT Bangalore

Brief :
These three appeals filed by the assessee are directed against different orders of CIT(A) for the above assessment years. The grounds in these appeals are common and there is only change in the figures in respect of different assessment years, which are as follows:

Citation :
ITA Nos.399 to 401/Bang/2020

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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