HC asks CITs to conduct orientation courses for AOs to avoid committing same types of errors

IT : Where addition was made to income of assessee-company mainly for reason that though amount pertained to share applications but identity of applicants remained unverified and assessee could not give reply in that regard, it was held that addition made by Assessing Officer should not have been made by him because amount received towards share applications was by way of cheque and all details regarding applicants were furnished by assessee and department could have issued notices to such appli

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