Addition for cash deposit upheld for absence of cash flow statement/cash book ABCAUS Case Law CitationABCAUS 3633 (2023) (01) ITAT…
Investor companies having low income and assets in the form of investments have been created through rotation of money in…
No deduction/allowance is allowable against unexplained cash credit u/s 68 which is considered as income of the assessee ABCAUS Case…
Addition u/s 68 for unsecured loans/share capital on account of amalgamation as per High Court order deleted as no sum…
Ex parte best judgment assessment remanded as the assessee was a defunct company which ceased to function and therefore could…
Addition u/s 68 for cash deposit prior to issue of cheque by lender deleted as deposit was out of cash…
Addition made for difference due to wrong journal entry. Assessee directed to file reconciliation to explain the difference-ITAT ABCAUS Case…
ITAT remanded invocation of Section 115BBE denying set off of current year loss against income assessed u/s 68. ABCAUS Case…
Addition u/s 68 for cash deposited in bank during demonetization period deleted as cash was deposited by trade debtors ABCAUS…
Reassessment held bad in law as assessee not given four weeks time to seek legal remedy after rejection of objections…