Tag: Unexplained Investment

Addition for investment in land deleted when it was purchased by the company in directors name to facilitate transfer as per State Laws

February 15, 2018 High Courts, Income Tax, Judgments
Addition for investment in land deleted when it was purchased by the company in the name of director to facilitate transfer as per State Laws-High Court Judgment ABCAUS Case Law Citation: ABCAUS 2199 (2018) (02) HC The Challenge/Grievance: The Revenue was aggrieved by the decision of the ITAT …
Wife share in house purchased from savings and stridhan accepted by deleting addition made u/s 69B as unexplained investment – ITAT

Wife share in house purchased from savings and stridhan accepted by deleting addition made u/s 69B as unexplained investment – ITAT

May 12, 2017 Income Tax, ITAT, Judgments
Wife share in house purchased from savings and stridhan accepted by deleting addition made u/s 69B as unexplained investment – ITAT ABCAUS Case Law Citation: ABCAUS 1240 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the CIT(A) in confirming the disallowance made …
unexplained cash credit u/s 68

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

March 7, 2016 Income Tax, ITAT
Addition for Unexplained Investment u/s 69 quashed as Muslims religion bars Interest income therefore cash was kept at home INCOME TAX APPELLATE TRIBUNAL LUCKNOW BENCH “A”, LUCKNOW ITA No.697/LKW/2015 Assessment year:2010-11 Mehrun Nisha (Appellant) vs. Income Tax Officer (Respondent) Date of Order: 04-03-2016 ORDER PER A. K. GARODIA, A.M. This is …