When show cause notice proposed addition u/s 68 as unexplained cash credits, in assessment order addition can not be made…
Mere clubbing loan account with capital account can not be treated as unexplained income - ITAT In a recent judgment,…
Addition u/s 68 for jewellery purportedly received on death of grandparent under Will upheld. In a recent judgment, ITAT upheld…
When purchases & sales found genuine deposit out of cash sales can be treated as non-genuine - ITAT In a…
When no cash involved in transaction, Section 68 treating it unexplained cash credit not attracted When there was no cash…
To make additions u/s 68 for unexplained cash credits, all three limbs must be proved/established In a recent judgment, ITAT…
When confirmation and affidavit admitting payments to assesse were filed then without examining persons giving affidavit and confirmation, the claim…
The fact that assessee was a rural lady and never been in a tax-payer category in itself is sufficient that…
Addition for unexplained cash deleted as assessee consistently declared tuition income and paid tax over 20 -25 years ABCAUS Case…
Delay in filing appeal condoned as assessee was not a tech savvy person and could not see notice sent to…