#Section 69
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977 articlesIncome Tax
Income Tax
Treatment of income due to mere presence of blank cheque without any other evidence not tenable
Income Tax
Income Tax
Survey Disclosure Can’t Be Taxed at 115BBE & Cash Tax Payment Isn’t Unexplained – ITAT Gives Major Relief
Income Tax
Income Tax
Unexplained credits addition on adhoc basis at 5% cannot be sustained: Matter restored
Income Tax
Income Tax
Jewellery Cash Sales Spike Normal: ITAT Rejects Average Sales Comparison Reason
Income Tax
Income Tax
Additions cannot be sustained solely on untested third-party WhatsApp data
Income Tax
Income Tax
Once Business Profit is Estimated, No Further Tax Additions Allowed: ITAT Hyderabad
Income Tax
Income Tax
Procedural Justice: ITAT Restores Appeal Dismissed for Missing Statement of Facts, Mandates Merits Adjudication
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Income Tax
Section 69A matter remanded back as additional evidences needs verification of lower authority
Income Tax
Income Tax
Cash Payments Not Recorded in Sale Deed Treated as Unexplained Investment – Gifts from Parents Accepted as Genuine -ITAT Hyderabad
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Income Tax
Protective additions without substantive foundation quashed – ITAT Visakhapatnam invalidates reopening based on suspicion
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Income Tax
ITAT Mumbai remands ₹3 crore addition case – directs AO to verify FDs, cash & flat investment afresh
Income Tax
Income Tax
Undisclosed source of income addition not sustained since transaction duly recorded in books of accounts
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Addition applying provisions of section 50C upheld as SRO rates not objected by assessee
Income Tax
Income Tax
