No prosecution u/s 275B when electronic gadgets and ERP user IDs and passwords was provided to search party - Sessions…
Under section 271AAB undisclosed income also means additional income due to bogus expense recorded in the books of accounts -…
To attract provisions of section 69A sine qua non is “ownership” of money etc. which is not recorded in the…
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…
Addition based on projected income surrendered during search deleted as actual gross income reported in audited accounts was higher ABCAUS…
Drawings and returned income speak volumes about richness of family – ITAT deleted addition for jewellery found during search. ABCAUS…
Amendment to Section 153C vide Finance Act, 2015 applicable to searches conducted u/s 132 before 01.06.2015 - Supreme Court ABCAUS…
Period of limitation for block assessment u/s 158BC/158BE commences from the date of last Panchnama, not the date of last…
Onus to explain investment sources by wife discharged when she and her husband both admitted that husbands paid the money…