#Section 68
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ITAT Bangalore : Demonetisation Cash Deposits Cannot be Added u/s 68 When Supported by Books – GP Addition Deleted Without Defects in Accounts
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Section 68 addition remanded — Identity proved shifts onus to AO; Failure to invoke Section 133(6) grant opportunity held improper
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Wrong Approval u/s 151(ii) Vitiates Reassessment: ITAT Bangalore Quashes 147 Order & Entire Proceedings (AY 2016-17)
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ITAT Bangalore Quashed Reassessment for Sanction by wrong authority After 3-Year Limit
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Reassessment Quashed as Section 148 Notice Issued After Six-Year Limitation
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Madras HC Upheld Reassessment but Order Set Aside for Lack of Discussion on Penny Stock Addition
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Two-Day Loan Repayment Not Proof of Bogus Entry: Delhi HC
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Ad-Hoc percentage basis Addition on Sundry Creditors Is Illegal – 41(1) Can’t Run on Presumptions
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WhatsApp Chats ≠ Unexplained Money – U/s 69A & 115BBE Crumble Without Cash or Ownership
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Demonetisation Cash Sales Upheld Again – Chawla Jewellers Gets a Clean Chit
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Mechanical Approval U/s 153D Vitiates Entire U/s 153C Assessment – All Years Quashed
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Reopening Quashed for Non-Application of Mind & Wrong Sanction
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High Share Premium Alone Can’t Trigger Section 68 Addition: Calcutta HC
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