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ITAT Fixes 8% Tax Rate on Unexplained Cash in Alleged Accommodation Entry Business
Court News

ITAT Fixes 8% Tax Rate on Unexplained Cash in Alleged Accommodation Entry Business

ITAT Amritsar rules that entire cash deposits cannot be taxed as unexplained income. Tribunal applies 8% presumptive tax rate in accommodation entry cases, granting major relief u…

ITAT Judgment Income Tax Act Section 68 Section 69 Section 44AD Presumptive Taxation Unexplained Cash Accommodation Entry Cash Deposits Tax Litigation ITAT Amritsar Taxpayer Relief Income Tax Tribunal Indian Tax Law
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Allahabad High Court Upholds AO’s Decision: ₹122.31 Lakh Cash Deposits Treated as Business Sales
Court News

Allahabad High Court Upholds AO’s Decision: ₹122.31 Lakh Cash Deposits Treated as Business Sales

The Allahabad High Court upheld the AO’s decision treating ₹122.31 lakh cash deposits as business sales, rejecting the Revenue’s Section 263 revision claim. The ruling highlights …

Allahabad High Court Income Tax Act 1961 Section 263 Section 68 Cash Deposits Business Sales ITAT Decision Tax Scrutiny Presumptive Taxation 44AD Revenue Appeal Judicial Ruling
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