Month wise receipt and income slightly more than last year cannot warrant the cash deposited into the bank account as…
No addition could be made only on the ground that there was time gap between the withdrawals and the corresponding…
Affidavits, if credible and corroborated by other evidences, can be sufficient to explain the source of cash deposits -ITAT In…
Section 202 Cr.P.C. not prescribe manner of holding enquiry. Benami Act summon upheld In a recent judgment, the Hon'ble Allahabad…
Change in explanation of assesseee due to change of council cannot be summarily brushed aside - ITAT In a recent…
Cash deposit in bank account belonging to HUF can not be added to the income of individual assessee - ITAT …
Cash deposit in bank - AO duty bound to show cash earlier withdrawn was spent - ITAT In a recent…
Assessee cannot be asked to prove source of cash deposit made in bank account opened by forgery - ITAT In…
In case of non-filer notice u/s 143(2) not mandatory and notice issued u/s 142(1) is sufficient – ITAT In a…
Tax authorities not bound with provisions of section 44AE of the Act once assessee waived the option available In a…