No Addition for cash deposits in bank when sufficient cash is in hand. Assessee not supposed to keep track of…
Concealment penalty deleted as assessee was unaware of tax on sale of property. Assessee agreed to pay taxes on the…
Deposits per se in the bank account no basis of holding that income has escaped assessment. Nothing can be added…
Addition made in computation of income comes under Explanation 1(B) of Section 271(1) related to concealment penalty under the Income…
Specifying limb of penalty section 271(1)(c) arises only when addition is made by the AO and not where assessee surrenders…
Comparable company following calendar year for maintaining accounts can not be used in contrast to assessee following financial year ending…
Share application money circular transaction addition u/s 68 deleted where loan creditors had subscribed out of the loans repaid by the company-ITAT…
Change in head of income not permissible u/s 153A if no incriminating material is found during the search-ITAT Prelude: Section…
Change in closing stock to include VAT-Excise us 145A required corresponding adjustments for opening stock, Payment of Excise and VAT…
Very short period of appearance given to assessee violated principles of natural justice. ITAT set aside order passed by CIT…