Provisions of section 68 to 69B applicable only if assessee is required to maintain books of accounts under provisions of…
Mere clubbing loan account with capital account can not be treated as unexplained income - ITAT In a recent judgment,…
Mere failure of creditor/ shareholder to appear no basis to make addition u/s 68 when assessee produced basic evidences -…
Under peak theory, only peak cash deposit to be taxed instead of entire cash deposit in bank account - ITAT…
Onus to prove source of source of a loan/borrowing mandatory from AY 2023-24 In a recent judgment, ITAT Raipur has…
CIT(A) was justified in considering surrounding circumstances, the normal human conduct of a prudent investor, the probabilities to judge creditworthiness…
Addition u/s 68 for jewellery purportedly received on death of grandparent under Will upheld. In a recent judgment, ITAT upheld…
When purchases & sales found genuine deposit out of cash sales can be treated as non-genuine - ITAT In a…
The debit entry cannot be added under Section 68 as it speaks about “Cash Credit” and not for debits entries…
When no cash involved in transaction, Section 68 treating it unexplained cash credit not attracted When there was no cash…