Assessing Officer refuses to even issue the summons under section 131(1) – ITAT deleted addition

 

Here is one interesting judgement by ITAT, Delhi Bench holding that, in case where the transactions are supported by relevant documents, when the assessee is a regular investor and when the Assessing Officer refuses to even issue the summons under section 131(1), the addition made by the Assessing Officer and the same was sustained by the CIT(A) is erroneous and relief is to allowed to the assessee.

The copy of the order is as under:

1743067638-XFk3Vy-1-TO