Monday 9 March 2015

No revision by CIT to make sec. 68 addition if AO had obtained confirmation of parties in support of

IT: Where assessee furnished confirmations from all debtors and creditors having balance in excess of one lakh in their bank account which was duly verified by Assessing Officer, impugned revisional order passed by Commissioner on ground that a case for addition under section 68 was made out, was not sustainable


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