addition u/s 69A

  • Income Tax

When appeal is pending before CIT(A), revision jurisdiction u/s 263 can not be exercised

When appeal is pending before CIT(A), revisionary jurisdiction u/s 263 can not be exercised - ITAT ABCAUS Case Law CitationABCAUS…

2 years ago
  • Income Tax

ITAT admits additional evidences as assessee died and legal heirs could not collect it in time  

ITAT admits additional evidences as assessee died before assessment proceedings and it could not be collected in time by legal…

2 years ago
  • Income Tax

No addition for cash deposit by housewives during demonetization if less than 2.5 lakhs

AO not allowed to make addition in the hands of the housewives for cash deposit in bank during demonetization if…

3 years ago
  • Income Tax

Addition u/s 69A for cash deposit in bank in excess of yearly salary income deleted

Addition u/s 69A for unexplained cash deposited in bank account of the assessee in excess of his yearly salary income…

3 years ago
  • Income Tax

Earlier cash withdrawal can be explained as source for subsequent bank deposit – ITAT

Earlier cash withdrawal can be explained as source for subsequent bank deposit of cash, provided there are no evidence to…

3 years ago
  • Income Tax

No addition for jewellery found in search as net weight was lower than found in earlier search

Addition for jewellery found in search deleted as net weight found in search was lower than jewellery found during earlier…

4 years ago
  • Income Tax

Addition of unexplained credit in the case of money launderer/ hawala operator upheld. SC dismisses SLP

Addition as unexplained credit/Investment in case of money launderer / hawala operator. Supreme Court dismisses SLP against High Court order…

5 years ago
  • Income Tax

ITAT reduced addition for cash deposits by estimating income, assessee might have saved

ITAT reduced addition u/s 69A for cash deposits in bank by estimating the income assessee might have saved from the…

5 years ago
  • Income Tax

Peak credit addition include income only up to the date of peak balance not thereafter – ITAT

Peak credit addition does not include income after peak balance date. ITAT directed addition of further 8% profit after the…

5 years ago
  • Income Tax

Unrelated person unlikely to give false affidavit to oblige assessee – ITAT deleted addition

Unrelated person unlikely to give false evidence to oblige the assessee, said ITAT deleting addition made for cash deposit on…

5 years ago