section 115BBE

  • Income Tax

Applicability of Section 115BBE rws 69, 69A 69C in a case before Settlement Commission

Applicability of provisions of Section 115BBE  read with Section 69, 69A and 69C in a case arising before Settlement Commission…

4 days ago
  • Income Tax

AO was directed to serve notice of hearing through physical mode upon assessee 

ITAT directed AO to serve notice of hearing both through electronic and physical mode upon the assessee  In a recent…

1 week ago
  • Income Tax

Provisions of section 69 not applicable to profit from trading of speculative Transactions – ITAT

Provisions of section 69 not applicable on the profit from trading of speculative Transactions In a recent judgment, ITAT has…

4 weeks ago
  • Income Tax

It is quite reasonable for a married daughter to keep her jewellery with her mother – ITAT

It is quite reasonable and logical for a married daughter to keep her jewellery with her mother. ITAT deleted addition…

3 months ago
  • Income Tax

Income returned under other sources can not be recharacterised as income u/s 69A

Income returned under other sources can not be recharacterised as income u/s 69A and subjected to higher tax u/s 15BBE…

3 months ago
  • Income Tax

Stock surrendered during survey held as business income not cash credits or unexplained money

Stock surrendered during survey held business income not cash credits or unexplained money u/s 69 or 69A. Question of application…

4 months ago
  • Income Tax

To attract section 69A sine qua non is ownership of money etc. not recorded not mere presumption

To attract provisions of section 69A sine qua non is “ownership” of money etc. which is not recorded in the…

5 months ago
  • Income Tax

Non-issuance of the notice u/s 154(3) is a procedural irregularity – ITAT

Non-issuance of the notice u/s 154(3) is a procedural irregularity. ITAT directs AO to issue notice and give opportunity ABCAUS…

6 months ago
  • Income Tax

No revision u/s 263 can be done on debatable Issue on applicability of Section 115BBE – ITAT

No revision u/s 263 can be done on debatable Issue on applicability of provision of Section 115BBE of the Act…

6 months ago
  • Income Tax

Excess stock of gold found during survey cannot be isolated with regular stock in trade – ITAT

Excess stock of gold found during survey cannot be isolated with regular stock in trade to be treated unexplained investment…

8 months ago