Debit entries should also be considered for cash credit entries u/s 68. Credit entries cannot be looked into isolation ignoring…
No addition u/s 68 for unsecured loan taken without payment of interest where assessee furnished name, address, PAN and transaction…
Cash deposits by CA stated to be trading income added as unexplained income u/s 68 as ICAI does not allow…
Presumption that donors have meagre source of income because they are agriculturists may not be appropriate - ITAT ABCAUS Case…
Non-filing of ITRs by lenders can give rise to suspicion for the lack of creditworthiness but not sufficient to draw…
Addition for bogus purchases as unexplained cash credits whether u/s 68 or u/s 41(1) as cessation of liability? No additions…
Bank passbook / statements not books of account of assessee and hence no addition can be made u/s 68 of…
Deeming provision of section 68 not apply if no sum is received in terms of any money, i.e., in cash…
Mere TDS deduction not decisive factor to treat payment received as income of the assessee ABCAUS Case Law Citation:ABCAUS 3347…
Cash credit entries in books of a firm, in absence of material to indicate that they were its profits, could…