#section 132
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1,566 articlesIncome Tax

Income Tax
Search on Advocate Upheld as Authorities Recorded Reasons to Believe Under Section 132
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No Addition for Notional Interest Based Solely on Seized Working Sheet: ITAT Mumba
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Reassessment Quashed as AO Relied on Incorrect AIR Information: ITAT Amritsar
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Jurisdictional Defects Vitiate Entire Assessment: ITAT Strikes Down Additions Based on Search Material
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ITAT Orders Fresh Review as On-Money Addition Was Based on Loose Sheet
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Income Tax Reopening Sustained as Assessee Was Alleged Beneficiary of Accommodation Entries
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Only Net Profit Taxable on Unaccounted Sales, No Double Additions: Delhi ITAT
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Bangalore ITAT Bars Additions in Unabated 153A Cases Without Incriminating Material
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Mere Loose Sheets, Scribblings & Excel Jottings Can’t Justify Capitation Fee Additions
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DVO Estimate Alone Not Enough for Unexplained Investment Addition: ITAT Bangalore
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WhatsApp Chats & Estimates Alone Insufficient in Unabated Search Case: ITAT Deletes On-Money Addition
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ITAT Deletes Deemed Dividend Addition as Cash Shortage Related to Proprietary Concern
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Interest Awarded After Tax Department Retained Matured KVPs Despite Settlement Payment
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