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RU
ITAT Remands Reassessment to Verify Brother’s Role in Mutual Fund Investments
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AdvertisementAbhay Kumar Agarwal Vs ITO (ITAT Varanasi) The Income Tax Appellate Tribunal (ITAT), Varanasi, decided the appeal filed by the assessee against the order of the Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre (NFAC), Delhi dated 25.07.2024 for Assessment Year 2010-11.
The assessee challenged the confirmation of multiple additions made by the Assessing Officer (AO) in reassessment proceedings under Sections 147 read with 143(3) of the Income-tax Act.
The grounds of appeal primarily disputed the additions relating to alleged unexplained investments in mutual funds, outstandi...