unexplained credit

  • Income Tax

Change in explanation of assesseee due to change of council cannot be summarily rejected 

Change in explanation of assesseee due to change of council cannot be summarily brushed aside - ITAT  In a recent…

2 months ago
  • Income Tax

Presumption that agriculturists donor have meagre source of income not correct – ITAT

Presumption that donors have meagre source of income because they are agriculturists may not be appropriate - ITAT ABCAUS Case…

2 years ago
  • Income Tax

Addition u/s 69A for cash deposit in bank in excess of yearly salary income deleted

Addition u/s 69A for unexplained cash deposited in bank account of the assessee in excess of his yearly salary income…

3 years ago
  • Income Tax

No addition on capacity ground if identity and genuineness of loan creditor is proved – ITAT

If identity and genuineness of loan transactions proved addition on capacity ground can be made only in the hands of…

6 years ago
  • Income Tax

Addition based on judicial precedence unsustainable without addressing factual inadequacies – ITAT

Addition based on judicial precedence in other cases unsustainable without first addressing the factual inadequacy of assessee’s explanation - ITAT…

7 years ago
  • Income Tax

Unexplained Investment u/s 69. Muslims religion bars Interest income therefore cash kept at home

Addition for Unexplained Investment u/s 69 quashed as Muslims religion bars Interest income therefore cash was kept at home INCOME…

8 years ago