Capital introduced by partner can not be taxed in firms hand as undisclosed income. It could be added in the…
When AO submitted positive remand report accepting the genuineness of transaction, CIT(A) ought not to have sustained the addition -…
Addition u/s 69 confirmed when assessee failed to establish link between cash withdrawn and cash found at the time of…
Merely cash withdrawals at one point of time cannot be a sole basis for explaining the cash deposit in future.…
Cash deposit in bank out of withdrawal made two years back-Revenue authorities can not dictate what assessee should do with…
Addition u/s 69 deleted as AO failed to call information from bank of loan creditor. Case restored back for verifying…
In a recent judgment, ITAT Chennai has upheld that Addition u/s 69 for discrepancies in stocks was business income and has…