ITAT: Addition based on information from FT&TR Div,Panama Papers not sustainable for lack of evidence. 

ITAT: Addition based on information from FT&TR Div,Panama Papers not sustainable for lack of evidence. 

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ITAT: Addition based on information from FT&TR Div,Panama Papers not sustainable for lack of evidence. 

The importance of “Evidence” cannot be overruled in the assessment proceeding in Income Tax.

 

The copy of the order  on above issue is as under:

 

ITAT: Addition based on information from FT&TR Div,Panama Papers not sustainable for lack of evidence.

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