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…
Mere higher cash deposits during demonization period does not make explanation of cash sales as bogus and unsustainable - ITAT…
To make additions u/s 68 for unexplained cash credits, all three limbs must be proved/established In a recent judgment, ITAT…
Once, relief is granted based on the remand report of the AO, revenue would be precluded from filing any further…
Cash credit addition u/s 68 made on the basis of statement retracted subsequently deleted by ITAT In a recent judgment,…
Addition of Mobilization Advances based on gross receipts as per 26AS statement deleted as mobilization advance was offered to tax…