To attract provisions of section 69A sine qua non is “ownership” of money etc. which is not recorded in the…
The fact that assessee was a rural lady and never been in a tax-payer category in itself is sufficient that…
Cash deposits out of sale of opening stock not unexplained income. High Court upheld ITAT order which followed rule of…
No entity could earn gross receipts, only profit embedded to be treated as income. ITAT upholds the order of CIT(A)…
Addition for cash deposit in joint bank account with grandfather upheld. High Court rejected the plea that the assessee was…
Addition made for electricity variation with quantum of production deleted. Lower consumption of electricity for the same quantum of production…
Unexplained income-cash deposited in bank after 2-3 months gap held not probable as withdrawals made in small amounts mostly by…