Notices u/s 133(6) not enough for verification of loan transactions from shell companies. AO ought to have done further inquiry…
Non-response by payee to statutory notice u/s 133(6) directly issued by AO, is not within reach and control of assessee…
Addition u/s 68 for cash deposit prior to issue of cheque by lender deleted as deposit was out of cash…
Treating expenses bogus without appreciating replies received u/s 133(6) unfair. AO always expected to examine replies of the recipients of…
Non response to unauthorised enquiry letter issued without approval not constitute material forming belief of escapement of income u/s 147…
Addition u/s 68 for differences in outstanding balances not confirmed by parties cannot be made without doubting identity, creditworthiness and…
Reopening for cash deposits for non response to notice u/s 133(6) is illegal where assessment was completed u/s 143(3)/147 and…