Provisions of section 69 not applicable on the profit from trading of speculative Transactions In a recent judgment, ITAT has…
Phenomenal LTCG in short period possible only through a colorable device – ITAT upheld taxing LTCG as income from undisclosed…
Higher consumption of electricity by itself is not a ground to infer suppression of production by the assessee ABCAUS Case…
For difference of receipts as per 26AS and books of account, only embedded portion of profits can be added to…
Undisclosed sales being excess turnover reported in service tax return. Tribunal set aside the addition for de novo proceedings In…
Market value of stock instead of cost no basis to determine undisclosed income. Penalty u/s 271AAB not mandatory ABACUS Case…
No Penalty u/s 271AAB unless undisclosed income found from seized material. Disclosure made in statement u/s 132(4) not sufficient to…
Cash Payments itself not undisclosed income of assessee in the absence of corresponding asset found at the time of search.…
Capital introduced by partner can not be taxed in firms hand as undisclosed income. It could be added in the…
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…