Onus is on assessee to substantiate agricultural income and exemption provisions are to be strictly construed - ITAT ABCAUS Neutral…
Investor companies having low income and assets in the form of investments have been created through rotation of money in…
No deduction/allowance is allowable against unexplained cash credit u/s 68 which is considered as income of the assessee ABCAUS Case…
ITAT admits additional evidences as assessee died before assessment proceedings and it could not be collected in time by legal…
Debit entries should also be considered for cash credit entries u/s 68. Credit entries cannot be looked into isolation ignoring…
Cash deposits by CA stated to be trading income added as unexplained income u/s 68 as ICAI does not allow…
Addition u/s 68 for unsecured loans/share capital on account of amalgamation as per High Court order deleted as no sum…
Ex parte best judgment assessment remanded as the assessee was a defunct company which ceased to function and therefore could…
Opening balance of loan creditor brought forward from preceding year cannot be treated as unexplained cash credit or bogus credit…
Addition made for difference due to wrong journal entry. Assessee directed to file reconciliation to explain the difference-ITAT ABCAUS Case…