Deletion of addition made under section 68 of IT Act 1961 must accompanied by proper supporting

Last updated: 05 June 2013

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Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
On the facts and circumstances of the case, the Ld. Commissioner of Income Tax (A) erred in deleting the addition of Rs. 45,00,000/- being unexplained cash credit u/s. 68 of the I.T. Act, 1961

Citation :
Income Tax Officer, Ward 25(4), New Delhi (Appellant) vs. Smt. Anaro Devi, W/o Shri Ajit Singh, Village- Paprawat,P.O. Najafgarh,New Delhi – 110 043 (PAN/GIR NO. : AIFPN3491H)(Respondent)AND C.O. No. 322/Del/2012 (In ITA No. 889/Del/2012) A.Y. 2006-07 Smt. Anaro Devi, C/o S.B. Garg & Co., CAs 20/17, Shakti Nagar, Delhi – 110 007 (Appellant) vs. ITO, WARD-25(4),NEW DELHI (Respondent)

Daily Limit Reached