Applicability of provisions of Section 115BBE read with Section 69, 69A and 69C in a case arising before Settlement Commission…
ITAT partly confirms addition of site expenses as unexplained expenditure for being not accounted for in the books of accounts…
Addition for unexplained agricultural expenditure u/s 69C deleted. Agricultural expenses depend on so many factors which were ignored by Assessing…
Mere affidavits of typographical error by typist & CA in Audit Report not enough when assessee was found to maintain…
Penalty u/s 271(1)(c) deleted as quantum addition was reduced significantly from 100% to 20% in respect of bogus purchases. In…
Addition u/s 69C for unexplained expenses on foreign tour along with spouse deleted by Tribunal as it was part of…
Only real income can be taxed under Income Tax Act. Even if whole transaction is not verifiable only income component…
Unexplained expendiure addition u/s 69C made for peak negative cash balance without giving benefit of capitalisation of sums disclosed in…