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Showing 5 of 14 articles.

ITAT Delhi Restricts Profit Estimate in Milk Trading Case to 5%, Rejects Arbitrary 20% Addition
Court News

ITAT Delhi Restricts Profit Estimate in Milk Trading Case to 5%, Rejects Arbitrary 20% Addition

ITAT Delhi restricts ad-hoc profit addition in milk trading case to 5%, ruling that arbitrary 20% estimates under Section 69A lack evidence.

ITAT Delhi Income Tax Appellate Tribunal Section 69A Profit Estimation Gross Profit Rate Dairy Sector Small Traders Income Tax Assessment Tax Litigation Unexplained Money Section 115BBE Tax Relief India Landmark ITAT Ruling
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ITAT Mumbai Rules Cash from ₹94 Lakh Property Sale Not Unexplained Income
Court News

ITAT Mumbai Rules Cash from ₹94 Lakh Property Sale Not Unexplained Income

ITAT Mumbai rules cash received from a ₹94 lakh property sale cannot be treated as unexplained income under Section 69A when supported by a registered sale deed and matching bank …

ITAT Mumbai Income Tax Appellate Tribunal Section 69A Unexplained Income Property Sale Cash Transaction Registered Sale Deed Invalid ITR Bank Statement Evidence Tax Notice AY 2015-16 FY 2014-15 Section 269SS
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ITAT Remands Section 69A Case: AO Faulted for Not Verifying Donors’ Creditworthiness
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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.

ITAT Judgment Section 69A Income Tax Act 1961 Unexplained Money Donor Creditworthiness Cash Addition Tax Assessment AO Investigation Failure Taxpayer Rights ITAT Remand Order Indian Tax Law Tax Litigation Income Tax Tribunal News
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Gold Rules in India: How Much Jewellery Families Can Keep Without Proof and What Penalties Apply
Court News

Gold Rules in India: How Much Jewellery Families Can Keep Without Proof and What Penalties Apply

Know how much gold families can legally keep in India without proof. CBDT limits for women and men, tax penalties, seizure rules, and income tax raid risks explained.

Gold rules CBDT guidelines Income Tax Act Gold jewellery limits Tax raids India Section 69A Unexplained income Gold seizure rules Family wealth Indian taxation Jewellery laws India Black money control Tax compliance India
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ITAT Fixes 8% Tax Rate on Unexplained Cash in Alleged Accommodation Entry Business
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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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