This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Seized Diary Transactions Require Fresh Examination as Peak Credit Alone Is Insufficient: ITAT Pune
Case Law Details
- Case Name
- DCIT Vs Sant Eknath Trading Company (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
DCIT Vs Sant Eknath Trading Company (ITAT Pune)
ITAT Remands ₹2.53 Crore Addition Because Source of Cash Payments Was Not Verified; ITAT Sets Aside Deletion Because Ownership of Transactions Does Not Explain Cash Source; ₹2.53 Crore Section 69 Addition Remanded Because CIT(A) Did Not Verify Peak Credit Claim; Cash Payments in Seized Diaries Need Verification Because Profit Disclosure Alone Is Not Enough.
The Income Tax Appellate Tribunal (ITAT), Pune, allowed the Revenue’s appeal for statistical purposes and remanded the matter to the Commissioner of Income Tax (Appe...
Author Info
