Additions based on statement recorded u/s 132(4) without considering Retraction Affidavit with evidences deleted In a recent judgment, ITAT has…
Income returned under other sources can not be recharacterised as income u/s 69A and subjected to higher tax u/s 15BBE…
Cash credit addition u/s 68 made on the basis of statement retracted subsequently deleted by ITAT In a recent judgment,…
There is no prohibition to adjust seized cash with self assessment tax. Only prohibited is for adjustment of seized cash…
Statement recorded u/s 132(4) is not sacrosanct merely because assessee failed to demonstrate any coercion and duress - ITAT ABCAUS…
Addition for undisclosed foreign bank account deleted as the information received in pen drive under DTAC lacked basic essentials of…
Addition based on statement recorded deleted as witness did not appear for cross examination on Departments notice ABCAUS Case Law…
Retraction of statement u/s 132(4) after months on the ground of coercion. Assessee must give justifiable reason and cogent material…
Penalty u/s 271AAA-what constitutes substantiating how undisclosed income was derived-High Court explains prerequisites of statement u/s 132(4) to avert penalty…
Statements made by stranger-third party in search case unless connected or corroborated could not be attributed to or lead to…