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…
Section 69 & 115BBE not applicable on excess stock generated out of business income ABCAUS Case Law Citation:ABCAUS 3704 (2023)…
NFAC passes copy paste order narrating wrong facts. ITAT deleted addition towards cash deposits u/s 69A ABCAUS Neutral Case Law…