Explanation can not be rejected applying prudent mans behaviour test. High Court deletes addition made for cash deposits applying Principle…
Addition for cash deposit in joint bank account with grandfather upheld. High Court rejected the plea that the assessee was…
Standard Procedure for applying provisions of unexplained cash credits u/s 68 of Income tax Act,1961 Central Board of Direct Taxes…
Execution of registered sale deed adjusting cash credit entries in books establishes identity of depositors of money beyond doubt-High Court…
Unexplained Cash Credits in Bank Statements held taxable u/s 68. Non production of document is different from not maintaining Books of Account…
Section 68 not attracted to amount representing credit purchases. Findings of ITAT upheld by High Court ABCAUS Case Law…
Addition us 68 for accommodation entries-don't shoot the messenger. Addition restricted to commission earned on accommodation entries-ITAT ABCAUS Case Law…
In a latest judgment, ITAT Chennai has upheld that allowing set off of business loss from the unexplained cash credits…
Addition for Unexplained Investment u/s 69 quashed as Muslims religion bars Interest income therefore cash was kept at home INCOME…