Normal Tax Provisions

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation ITAT Delhi held that, even though the assessee failed to fully prove transactions with a suspicious party, taxing the entire Rs 1.47 crore would cause double taxation. It restricted the addition to Rs 10 lakh and ruled Section…