#Section 145
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203 articlesIncome Tax

Income Tax
Books Can’t Be Rejected Merely for Profit Decline or No Stock: SC
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Patna ITAT Deletes Search Additions Based on Retracted Statements & Estimates
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Bogus Purchase Addition Cannot Be Based on Suspicion Alone: ITAT Chennai
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ITAT Deletes Section 68 Addition on Explained Demonetisation Cash Deposits
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Future Loss Provision Depends on Substance, Not Label: ITAT Bangalore
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Bogus Purchase Addition Cannot Survive as Suspicion Cannot Override Documentary Evidence: ITAT Kolkata
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Bangalore ITAT Allows Mine Development Expenditure as Revenue Expense; Deletes Double Addition
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ITAT Deletes GP Addition as AO Failed to Reject Books Under Section 145(3)
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No addition regarding commission income earned by PSPL as it was not an undisclosed income
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No Addition for ‘Bogus Purchases’ When Exports, Stock Records & Quantitative Tally Match
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ITAT Rejects Bogus Purchase Allegation as AO Failed to Prove Discrepancies in Books
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ITAT Quashes TP Assessment Orders as Consequential Orders Were Passed Beyond Limitation Period
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ITAT Delhi Deletes Section 69A Addition as Sales Were Recorded in Books
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