Explanation that jewellery was acquired out of agricultural income of Bigger HUF before its partition cannot be termed as not…
There is no provision in the Income Tax Act to tax the difference between value of jewellery declared and jewellery…
There is no prohibition to adjust seized cash with self assessment tax. Only prohibited is for adjustment of seized cash…
No additions can be made u/s 153A for completed/unabated assessments in absence of any incriminating material found during search u/s…
Statement recorded u/s 132(4) is not sacrosanct merely because assessee failed to demonstrate any coercion and duress - ITAT ABCAUS…
Mere providing evidence relied upon by AO no substitute of fundamental right of opportunity for cross-examination - ITAT ABCAUS Case…
Amendment to Section 153C vide Finance Act, 2015 applicable to searches conducted u/s 132 before 01.06.2015 - Supreme Court ABCAUS…
Onus to explain investment sources by wife discharged when she and her husband both admitted that husbands paid the money…
Non searched persons liable to pay interest on late filing of return u/s 158BC even in absence of a notice…
Jewellery can not be held unexplained simply because weight of Gold coins was not stated in the Will and only…