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HomeDirect TaxRs. 32 Crore ‘Undisclosed Income’ Addition Quashed Citing Lack of Evidence: ITAT...

Rs. 32 Crore ‘Undisclosed Income’ Addition Quashed Citing Lack of Evidence: ITAT Grants Relief to CM’s Wife

Direct Tax

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By Mariya Paliwala
Rs. 32 Crore ‘Undisclosed Income’ Addition Quashed Citing Lack of Evidence: ITAT Grants Relief to CM’s Wife

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In a major relief to the Sunetra Ajit Pawar, wife of a Chief Minister, Ajit Anantrao Pawar the Income Tax Appellate Tribunal (ITAT) has quashed an addition of ₹32.14 crore made as undisclosed income, holding that the tax department failed to establish any credible or direct link between the seized material and the assessee. The…

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Mariya Paliwala
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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