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Failure Of Assessee To Explain Identity And Creditworthiness Of Creditors And Genuineness Of Transaction: ITAT Sustains Addition

Failure Of Assessee To Explain Identity And Creditworthiness Of Creditors And Genuineness Of Transaction: ITAT Sustains Addition

The Allahabad Bench of the Income Tax Appellate Tribunal (ITAT) has sustained the addition as the assessee failed to explain the identity and creditworthiness of the creditors and the genuinene...

24 Aug 2022 11:15 AM GMT
Non- Deliberate Delay In Late Filing SFT Return : ITAT Quashes Penalty

Non- Deliberate Delay In Late Filing SFT Return : ITAT Quashes Penalty

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the penalty on the grounds that the delay in the late filing of the Statement of Financial Transaction (SFT) return was not...

17 Aug 2022 10:55 AM GMT