The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹3.5 crore for Assessment Year (AY) 2015-16 and held that the Assessing Officer (AO) failed to conduct any independent inquiry and relied mechanically on third-party statements and an investigation report without establishing any direct nexus with the assessee. The bench…
ITAT Slams Income Tax Dept. For on Third-Party Statements Without Independent Inquiry
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
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