Non-filing of ITRs by lenders can give rise to suspicion for the lack of creditworthiness but not sufficient to draw…
Addition for bogus purchases as unexplained cash credits whether u/s 68 or u/s 41(1) as cessation of liability? No additions…
Bank passbook / statements not books of account of assessee and hence no addition can be made u/s 68 of…
Deeming provision of section 68 not apply if no sum is received in terms of any money, i.e., in cash…
Mere TDS deduction not decisive factor to treat payment received as income of the assessee ABCAUS Case Law Citation:ABCAUS 3347…
Cash credit entries in books of a firm, in absence of material to indicate that they were its profits, could…
Addition u/s 68-mere non-submission of ITR copy no ground for rejecting explanation, when it was demonstrated that loans had already…
Section 68 is about satisfaction of AO not CIT us 263 to sit on the judgment of Assessing Officer. Revision…