#section 132
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1,406 articlesIncome Tax

Income Tax
Addition of ₹5.48 Lakh brokerage income was upheld and seized records reflected mock trading which was not unexplained income
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Identity Proved, Genuineness Unclear: ITAT Remands ₹50 Lakh Loan Case to AO
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Bogus Purchases Allegation Unexamined- ITAT Orders De Novo Adjudication
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ITAT Mumbai Restricts Bogus Diamond Purchase Addition to 3%, Upholds Consistency Principle
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Gujarat HC Upholds Reassessment Based on Bogus Entry Information
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Reopening Beyond Four Years Held Invalid as Based on Stale Information: ITAT Delhi
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Amount already disclosed before Settlement Commission cannot be added against u/s. 68
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No Incriminating Evidence, Only Excel — ITAT Deletes ₹25 Cr Addition in Moser Baer Group Case
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No Room for Double Assessment: ITAT Deletes ₹45 Crore Bogus-Loss Addition
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No Addition Just for Representing Clients in Bogus Share Investigation as a CA
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Ten-Year Section 153A Block to Be Counted from AY of Search Year, Not Before
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Section 153C Notice Beyond Six-Year Block Period Held Invalid: ITAT Delhi
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Rebuttable Presumption under Section 292C Cannot Be Applied Mechanically: ITAT Delhi
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