Unexplained Investment

  • Income Tax

Excess stock of gold found during survey cannot be isolated with regular stock in trade – ITAT

Excess stock of gold found during survey cannot be isolated with regular stock in trade to be treated unexplained investment…

8 months ago
  • Income Tax

A rural lady who was never a tax-payer unlikely to have unexplained money

The fact that assessee was a rural lady and never been in a tax-payer category in itself is sufficient that…

10 months ago
  • Income Tax

Addition u/s 69A for cash gifts received on the occasion of marriage deleted

Addition u/s 69A for cash gifts received on the occasion of marriage and deposited in bank deleted ABCAUS Case Law…

1 year ago
  • Income Tax

Onus to explain sources by wife discharged when husband admitted having paid the money

Onus to explain investment sources by wife discharged when she and her husband both admitted that husbands paid the money…

1 year ago
  • Income Tax

Appeal allowed as assessee was illiterate, did not get good legal advice on proper grounds

Appeal allowed as assessee was illiterate, did not get good legal advice. Even proper and appropriate grounds could not be…

4 years ago
  • Income Tax

Addition u/s 69 on the basis of unsigned receipts found during search deleted by ITAT

Addition u/s 69 on the basis of unsigned receipts found during search deleted. Such unsigned receipts could not have been…

4 years ago
  • Income Tax

Addition u/s 69 on premise that no prudent person keep huge amount of cash in house deleted

Addition u/s 69 for unexplained investment on reasoning that no prudent person would keep huge amount of cash in house.…

4 years ago
  • Income Tax

Addition of unexplained credit in the case of money launderer/ hawala operator upheld. SC dismisses SLP

Addition as unexplained credit/Investment in case of money launderer / hawala operator. Supreme Court dismisses SLP against High Court order…

5 years ago
  • Income Tax

Without rejecting books of account, it was not proper to make addition u/s 69

Without rejecting books of account, it was not proper to make addition towards unexplained investment u/s 69 of the Act…

5 years ago
  • Income Tax

Addition made for electricity variation with quantum of production deleted. Lower consumption should be viewed positively-ITAT

Addition made for electricity variation with quantum of production deleted. Lower consumption of electricity for the same quantum of production…

6 years ago