Non-reconciliation of ITS report under the Income Tax Act

Last updated: 05 August 2021
Quick Summary
This Income Tax Appellate Tribunal case concerns Mayar India Limited's appeal against additions made to their income for the 2010-11 assessment year. A significant addition was made due to the non-reconciliation of the ITS report, alongside other disallowances. The tribunal proceeded to hear the appeal in the absence of the assessee, relying on available documentation, including a written synopsis challenging the validity of the penalty notice.

Court :
ITAT Delhi

Brief :
Aggrieved by the order dated 12/09/2017 passed by the learned Commissioner of Income Tax (Appeals)-37, New Delhi ("Ld. CIT(A)") for the the assessment year 2010-11, Mayar India Limited(“the assessee”) filed this appeal.

Citation :
ITA No. 6766/Del/2017

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