Waiver or One Time Settlement of loan not taxable under section 28 (iv) – ITAT deletes the addition following the…
NOIDA not a local authority u/s 10(20) and hence not exempt from Income Tax-Supreme Court. By performing certain municipal functions…
Addition for cash found short at the time of survey deleted by the ITAT. In the absence of any other…
Retraction of statement u/s 132(4) after months on the ground of coercion. Assessee must give justifiable reason and cogent material…
No concealment if income returned and accepted is same where assessee surrenders income at survey action before the end of…
Rectification u/s 154 for difference of receipt with TDS certificates not permissible as the difference in receipts requires investigation and…
No disallowance u/s 40(a)(ia) when TDS deposited within extended time for ITR filing. Even otherwise over a period of two…
Cash loan from father to son for financial support not covered u/s 269SS. Repayment also not covered u/s 269T-Tribunal deletes…
An undated confirmation letter cannot be rejected unless proved false. ITAT deletes addition made u/s 68/69 for cash deposits in…
Bounced cheque can not be treated unexplained credits u/s 68. Onus to prove identity, genuineness and creditworthiness of the party…