#section 132
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1,566 articlesIncome Tax
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Addition merely on the basis of statement without corroborating material unsustainable: ITAT Delhi
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Revision order u/s. 263 sustained as assessment made without proper enquiry: ITAT Delhi
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Profits estimated at 10% of contractual receipts hence no separate disallowance u/s. 40A(3) or 40(a)(ia) warranted: ITAT Chennai
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Mistake apparent pertaining to carry forward and set off of unabsorbed depreciation and business losses could be revised by filing Form 3 under VSV scheme
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No addition u/s 153C based on third party statements without having corroborating evidence
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Levy of penalty u/s. 271D without recording any satisfaction untenable: Andhra Pradesh HC
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No addition of unexplained jewellery as CBDT Instruction 1916 allows Jewellery Holding for other Family Members
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Addition of non-genuine labour charges unjustified as genuineness proved: ITAT Mumbai
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Approval granted u/s. 153D in mechanical manner is bad-in-law: ITAT Bangalore
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Addition based on rough noting made on loose sheets unsustainable: ITAT Bangalore
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Granting opportunity to cross examine essential as addition based on 3rd party statement: ITAT Bangalore
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Departmental Officers Can Seek Interim Custody of Seized Currency Notes: Kerala HC
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Matter rightly transferred to jurisdiction of place of business were incriminating material seized: Madras HC
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