MHOW AND (VICE-VERSA). There were various issues involved right from addition u/s 68 to validity of assessment without issue of notice u/s 143(2)

AO merely on the guesswork has made the disallowance which is not permissible in the eyes of the law- ITAT deleted the entire ad-hoc additions.

1 Aug 2022

AO merely on the guesswork has made the disallowance which is not permissible in the eyes of the law- ITAT…