The Income Tax Appellate Tribunal (ITAT) has quashed an assessment order wherein the Assessing Officer (AO) made an addition of ₹3.47 crore under Section 68 of the Income Tax Act despite the case being selected for limited scrutiny under Section 56(2)(viib). The bench of Challa Nagendra Prasad (Judicial Member) and Brajesh Kumar Singh (Accountant Member)…
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