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Income Tax | Bhanwarlal Jain Investigation Alone Cannot Sustain ₹2 Crore Addition: ITAT Mumbai

28 Sept 2026 · 28 Sept 2026By CA Sandeep KanoiSource: TaxGuru

ITAT Mumbai quashes reassessment as section 143(2) notice preceded return and also deletes ₹2 crore section 68 loan addition on merits. The post Bhanwarlal Jain Investigation Alone Cannot Sustain ₹2 Crore Addition: ITAT Mumbai appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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