Section 69A allows the empowers the AO to treat the value of bullion, jewellery or other valuable articles found in possession of the assessee but not recorded in the books, where no satisfactory explanation is offered regarding their nature and source as income.

The Appellate Tribunal held that the assessment proceedings during the CIRP moratorium cannot result in the creation of enforceable provident fund dues against the resolution applicants

The Appellate Tribunal held that the assessment proceedings during the CIRP moratorium cannot result in the creation of enforceable provident fund dues against the resolution applicants