ITAT Remands Section 69A Case: AO Faulted for Not Verifying Donors’ Creditworthiness
ITAT remands Section 69A addition after AO failed to verify donors’ creditworthiness. Tribunal stresses fair inquiry before taxing unexplained money.
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ITAT remands Section 69A addition after AO failed to verify donors’ creditworthiness. Tribunal stresses fair inquiry before taxing unexplained money.
ITAT Mumbai rules that cash received from property sale cannot be treated as unexplained income under Section 68 if supported by a registered sale deed and bank records. Landmark …
ITAT Delhi remits Brawny Nivesh Pvt Ltd case, ruling that actual realizable value of assets must be verified before taxing unquoted shares under Section 56(2)(viia).
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…
Delhi ITAT rules TDS credit cannot be denied merely because income is taxed in another entity’s hands. Section 199 & Rule 37BA must prevent double taxation.