ITAT quashes tax addition after taxman's chats and Excel sheets fail to prove higher property sale value

According to a Times of India report, the Income Tax Appellate Tribunal quashed an addition in a Delhi property sale dispute. The tax department alleged buyers paid extra cash beyond the sale price, based on chats and Excel sheets.

Timeline

1. 20 Oct, 03:27 UTCTimes of India reports ITAT quashes addition

Top sources

• Taxman uses chats, Excel sheets to dispute property sale value; ITAT quashes additionTimes of India