ITAT remanded invocation of Section 115BBE denying set off of current year loss against income assessed u/s 68. ABCAUS Case…
Addition for cash deposit remanded as bank account was opened by someone else by forging PAN Card and signature of…
Non-filing of ITRs by lenders can give rise to suspicion for the lack of creditworthiness but not sufficient to draw…
Cash deposits out of sale of opening stock not unexplained income. High Court upheld ITAT order which followed rule of…
Bank passbook / statements not books of account of assessee and hence no addition can be made u/s 68 of…
Addition for unsecured loans tenable when profits are estimated as it is not trading account but balance sheet item ABACUS…
Cash credit entries in books of a firm, in absence of material to indicate that they were its profits, could…
Quantum addition for unexplained cash credits u/s 68 quashed by the Supreme Court based on the findings of penalty proceedings…
When all cash credits treated as turnover, capital introduction in cash and machinery purchased should also be considered out of…
Section 68 not applicable to sales receipt shown in books of accounts. A Receipt can not be treated sale proceeds…