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…
Cash credit addition u/s 68 made on the basis of statement retracted subsequently deleted by ITAT In a recent judgment,…
Stock surrendered during survey held business income not cash credits or unexplained money u/s 69 or 69A. Question of application…
NFAC passes copy paste order narrating wrong facts. ITAT deleted addition towards cash deposits u/s 69A ABCAUS Neutral Case Law…
Onus was not on Revenue to demonstrate that the assessee paid commission, but on the assessee to demonstrate that he…
Loan obtained preceded by cash deposit of exact amount in lenders account held to be cash credit u/s 68 as…
Addition for cash deposit upheld for absence of cash flow statement/cash book ABCAUS Case Law CitationABCAUS 3633 (2023) (01) ITAT…
No deduction/allowance is allowable against unexplained cash credit u/s 68 which is considered as income of the assessee ABCAUS Case…