addition u/s 69A

  • Income Tax

Addition for cash payments to builder deleted by ITAT for want of clinching evidence

Addition for cash payments made to builder for purchase of residential house – ITAT deletes addition for want of any…

10 months ago
  • Income Tax

Explanation that jewellery was acquired out of income of Bigger HUF was plausible – ITAT

Explanation that jewellery was acquired out of agricultural income of Bigger HUF before its partition cannot be termed as not…

12 months ago
  • Income Tax

Applying registration u/s 12AA without surrendering PAN of firm was Fraud

Assessee committed fraud by applying registration u/s 12AA without surrendering earlier PAN issued as firm in the very same name…

12 months ago
  • Income Tax

Bitumen not valuable article u/s 69A as it requires large quantity to make it valuable – SC

Bitumen not valuable  article u/s 69A as it requires ownership in large quantity to treat it valuable - Supreme Court…

1 year ago
  • Income Tax

Delay in filing appeal condoned as assessee was not a tech savvy, did not see notice in email

Delay in filing appeal condoned as assessee was not a tech savvy person and could not see notice sent to…

1 year ago
  • Income Tax

Addition u/s 69A for cash gifts received on the occasion of marriage deleted

Addition u/s 69A for cash gifts received on the occasion of marriage and deposited in bank deleted ABCAUS Case Law…

1 year ago
  • Income Tax

Assessee cannot be asked to explain the bank transactions of an unrelated party  – ITAT

Assessee cannot be asked to explain the bank transactions of an unrelated party  - ITAT deleted addition u/s 69A ABCAUS…

1 year ago
  • Income Tax

NFAC passes copy paste order narrating wrong facts. ITAT deleted addition u/s 69A

NFAC passes copy paste order narrating wrong facts. ITAT deleted addition towards cash deposits u/s 69A ABCAUS Neutral Case Law…

1 year ago
  • Income Tax

Sales & collection from debtors in SBN during demonetization held assessee’s own money

Sales & collection of sundry debtors in SBN during demonetization period held to be assessee’s own money  ABCAUS Case Law…

1 year ago
  • Income Tax

40% deduction for cash deposit in undisclosed bank account was very liberal says ITAT

40 percent deduction for cash deposit in undisclosed bank account was very liberal as no details/evidences of expenses submitted by…

1 year ago