Meager or nil income of the lender no reason to make addition u/s 68 as bogus enty. Income may be…
Addition u/s 68-mere non-submission of ITR copy no ground for rejecting explanation, when it was demonstrated that loans had already…
Assessment made on the basis of wrong cash book printed out from tally package with negative figures, ignoring correct cash…
Addition u/s 68/69 deleted for cash deposit in bank of amount returned back by father and brother out of amount…
When bank interest was declared in ITR, it cannot be said that bank account was not disclosed to the Revenue…
Addition u/s 68 made without issuing notice to creditors deleted by ITAT as AO failed to conduct inquiry. Had creditors…
Capital introduced by partner can not be taxed in firms hand as undisclosed income. It could be added in the…
Sale of land made by partnership firm can not be added in partner’s hand. Assessment has to be done in…
Share application money received vastly in excess of the authorized capital was valid reasons to issue reassessment notice u/s 148…
Agriculture income can only be estimated by considering land holding size. Even big farmers not maintain details expected by Tax…