ITAT deletes Addition by Holding Trading Liability to be existing liability as proceedings for Recoveries with respect of these amount was still in progress [Read Order]

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The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted the addition by holding the trading liability to be an existing liability as proceedings for recoveries with respect of these amount was still in progress. The assessee, is a company engaged in the business of trading. During the course of assessment proceedings, the Assessing Officer […]
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