unexplained credit

  • 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…

6 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