Careless Attitude Of AO: Kolkata ITAT Deletes Addition Made Without Examining Nature Of Expenditure
Live LawOn finding that expenses were incurred for the business purposes during the course of business, for which assessee has submitted all basic details which was not cross verified by the AO, the Kolkata ITAT deleted the addition made by AO. The Member of the ITAT comprising Rajpal Yadav and Girish Agrawal observed that “the inquiry at the end of the Assessing Officer is a flawed one. Finding that it is not ascertainable whether the summons have ever served upon or not on the creditors, the Coram pointed that the inquiry at the end of the AO is a flawed one. The Coram noted that had the assessment machinery remained in motion after selection of the case for scrutiny assessment, probably Assessing Officer could take help of the Officers where these assessees are situated.