- Addition u/s. 68 not sustained in absence of any unexplained ...🔍
- No addition u/s 68 as unexplained cash credits as there was lack of ...🔍
- Addition u/s 68 cannot be made solely based on sworn statement🔍
- When show cause notice proposed addition u/s 68🔍
- section 68 addition🔍
- Addition u/s 68 is not sustainable in the absence of ...🔍
- Addition under Section 68 can't made based on mere suspicion ...🔍
- Section 115BBE and Section 68/69 – Taxation of Unexplained ...🔍
Addition u/s. 68 not sustained in absence of any unexplained ...
Addition u/s. 68 not sustained in absence of any unexplained ...
Gujarat High Court held that addition under section 68 of the Income Tax Act not sustained as there is no unexplained amount in the bank ...
No addition u/s 68 as unexplained cash credits as there was lack of ...
Addition of unsecured loans as unexplained cash credits under Section 68 was unjustified as all the above transactions were duly recorded in ...
Addition u/s 68 cannot be made solely based on sworn statement
Capital gains should be taxed on actual gains, not fictional income. Unless evidence shows more was received than stated, no higher price can be ...
When show cause notice proposed addition u/s 68, addition can not ...
... addition u/s 68 as unexplained cash credits ... not be added back as an unexplained money under Section 69A of the Act. In absence of any ...
section 68 addition, addition based on suspicious, income tax survey
67 crores remains merely conjectures and surmises in view of the overwhelming evidences submitted by the assessee and absence of any inquiry by ...
Addition u/s 68 is not sustainable in the absence of ... - YouTube
Addition u/s 68 is not sustainable in the absence of credible proof of receipt of cash from assessee · Comments.
Addition under Section 68 can't made based on mere suspicion ...
4,00,000, as unexplained cash credits, and added that amount to the assessee's total income under section 68 in the assessment completed u/s 143(3) via an order ...
Section 115BBE and Section 68/69 – Taxation of Unexplained ...
... not be any addition u/s. 69 to the extent of such income utilised for the ... must make proper enquiries and in the absence of proper enquiries, addition cannot ...
ADDITIONS UNDER SECTION 68 OF INCOME TAX ACT, 1961
The Copies of these assessment orders were filed before the Assessing Officer. The ITAT held that no addition can be sustained u/s 68 of the Act ...
OVERVIEW OF SECTIONS 68, 69, 69A, 69B & 69C. (Unexplained ...
cannot be assessed u/s 41(1) in the absence of writeback. The bogus credit ... and material on record, we do not find any justification to sustain the addition.
IN THE INCOMETAX APPELLATE TRIBUNAL - Taxsutra
as unexplained cash credit under section 68 of the Act and hence, the ... could not have made addition U/s 68 of the Act. In this regard, the ld AR ...
Applicability of Section 68 to Cash Credits in Absence of Books of ...
... not be treated as those of individual partners. Therefore, addition to an assessee's income on account of unexplained cash credit u/s. 68, on the basis of ...
Section 68 of the Income Tax Act, 1961: Understanding the Burden ...
The Court held that in the absence of any ... The Court also held that mere suspicion or conjecture is not enough to sustain an addition under ...
of shareholders, revenue cannot invoke section 68 without any additional ... No addition u/s 68 as unexplained income is warrant on the presumption that ...
Ito, New Delhi vs M/S. Elvina Real Estate Pvt. Ltd ... - Indian Kanoon
Though the said addition made us 68 cannot be sustained on the legal grounds itself as discussed above". 3.3 I have considered the opinion ...
Addition under section 68 can be made even for an unexplained credit amount ... In the absence of proper enquiries, addition cannot be sustained.
a) Cannot be examined u/s 68 in absence of books b) As regards ... In our opinion there is no material on record to sustain the addition in question.
A credit in the bank account of an assessee cannot be construed as ...
A.R that the addition of Rs.10,53,000/-made by the A.O under Section 68 of the Act was not sustainable in the eyes of law, and as such on the said count ...
No Addition Is Permitted U/s 68 Without Linking Alleged Entries Of ...
The Mumbai ITAT held that the addition made by the AO u/s 68 of the Income Tax Act, without bringing any concrete evidence on record incriminating the assessee ...
Section 68 of Income Tax Act, 1961
not filed any objection to the proposed addition made. Thus, in the absence of any ... entitled to any relief and hence, the unexplained entries were ...