ITAT Guwahati Judgments — November 2023

The Tribunal held that the assessee had discharged her initial onus by providing the names, PANs, and banking details of the creditors, and proving the genuineness of the transactions through banking channels. Since the AO did not conduct further inquiries to disprove the genuineness, the addition was deleted.

The Tribunal held that the CIT(A) was correct in deleting the addition because no incriminating material was found during the search, and the department had accepted the lower rate in similar cases for other group entities. The revenue cannot adopt inconsistent positions for different assessees involved in the same search.

The Tribunal held that the CIT(A) was correct in deleting the addition because no incriminating material was found during the search, and the department had accepted the lower rate in similar cases for other group entities. The revenue cannot adopt inconsistent positions for different assessees involved in the same search.

The Tribunal held that the CIT(A) was correct in deleting the addition because no incriminating material was found during the search, and the department had accepted the lower rate in similar cases for other group entities. The revenue cannot adopt inconsistent positions for different assessees involved in the same search.

The Tribunal held that the CIT(A) was correct in deleting the addition because no incriminating material was found during the search, and the department had accepted the lower rate in similar cases for other group entities. The revenue cannot adopt inconsistent positions for different assessees involved in the same search.

The Tribunal held that the CIT(A) was correct in deleting the addition because no incriminating material was found during the search, and the department had accepted the lower rate in similar cases for other group entities. The revenue cannot adopt inconsistent positions for different assessees involved in the same search.