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…
Agriculture income can only be estimated by considering land holding size. Even big farmers not maintain details expected by Tax…
Motor car purchased by cash gift from wife and mother-ITAT upheld addition for unexplained cash as mere filing confirmations not…
Addition u/s 69 deleted as AO failed to call information from bank of loan creditor. Case restored back for verifying…
Bedridden person can have agriculture income, advance loan. Summarily Rejecting creditworthiness despite pattadar passbook without verification wrong-ITAT. This was held…