Debit entries should also be considered for cash credit entries u/s 68. Credit entries cannot be looked into isolation ignoring…
Cash deposits by CA stated to be trading income added as unexplained income u/s 68 as ICAI does not allow…
Ex parte best judgment assessment remanded as the assessee was a defunct company which ceased to function and therefore could…
Opening balance of loan creditor brought forward from preceding year cannot be treated as unexplained cash credit or bogus credit…
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…
Non-filing of ITRs by lenders can give rise to suspicion for the lack of creditworthiness but not sufficient to draw…
Bank passbook / statements not books of account of assessee and hence no addition can be made u/s 68 of…