AO cannot sit back with folded hands in not issuing summons u/s 131 of Income Tax Act in quest for…
It is incumbent upon CIT(A) to examine the veracity of the statements made in affidavits. Addition u/s 68 for cash…
Addition u/s 68 where return is filed under presumptive section 44AF deleted. Addition can not be made based on entries…
Addition as unexplained credit/Investment in case of money launderer / hawala operator. Supreme Court dismisses SLP against High Court order…
No Addition u/s 68 to be made as unexplained cash credit if loan creditor had deposited cash before issue of…
Provision of section 68 applicable even if business not commenced but the sum is credited in the books of account…
Deduction u/s 80P(2) not allowed for unexplained income assessed u/s 68 of the Act. The addition u/s 68 did not…
Meager or nil income of the lender no reason to make addition u/s 68 as bogus enty. Income may be…
Peak credit addition does not include income after peak balance date. ITAT directed addition of further 8% profit after the…
Addition u/s 68-mere non-submission of ITR copy no ground for rejecting explanation, when it was demonstrated that loans had already…