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![Past Savings kept in Locker not Unexplained Investment If Source is Explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Unexplained-Investment-ITAT-Taxscan.jpg "Past Savings kept in Locker not Unexplained Investment If Source is Explained: ITAT [Read Order]")
Past Savings kept in Locker not Unexplained Investment If Source is Explained: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Indore bench has held that the past savings kept in the bank locker cannot be treated as Unexplained...
![Jewellery received by a Lady during the Span of 20 years of Marriage can’t be treated as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Jewellery-ITAT-Taxscan.jpg "Jewellery received by a Lady during the Span of 20 years of Marriage can’t be treated as Unexplained: ITAT [Read Order]")
![Addition for Unexplained Expenditure is not mandatory even if no Explanation is offered or it is found to be Unsatisfactory: HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Addition for Unexplained Expenditure is not mandatory even if no Explanation is offered or it is found to be Unsatisfactory: HC [Read Judgment]")
![Failure to Produce the dealers would not make the Entire Purchases ‘Bogus’ for the purpose of sec 69A: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/ITAT-Ahmedabad.jpg "Failure to Produce the dealers would not make the Entire Purchases ‘Bogus’ for the purpose of sec 69A: ITAT Mumbai [Read Order]")
Confiscation of Smuggled Goods is not a ‘Business Loss’ even if the Assessee is acquitted from Criminal charges: Calcutta HC [Read Judgment]
“Decision of a Criminal Court is not binding in a Civil Action”. The division bench of the Calcutta High Court in a recent decision categorically held that the confiscation of the smuggled goods...
