Read all Latest Updates on and about Section 69C of the Income Tax Act

Top

Begin typing your search above and press return to search.

Home
»
Section 69C of the...

Additional Income cannot be Treated as Unexplained Expenditure to Invoke Section 115BBE of Income Tax Act: ITAT [Read Order]

Ipsita Das

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that the additional income cannot be treated as unexplained expenditure under...

No Explanation as to Source of Credit Card Payment: ITAT upholds Addition u/s 69C of Income Tax Act...

HC in exercise of Constitutional Writ Jurisdiction - AO and scrutinize facts and evidence - Calcutta HC - TAXSCAN

HC in exercise of Constitutional Writ Jurisdiction cannot act as AO and scrutinize facts and...

Gujarat HC quashed the Addition of Unexplained Income without Detailed Enquiry: SC upholds the Order...

AO cannot Disturb Assessment /Re- Assessment attained Finality Except during proceeding u/s 153A:...

Satisfactory discharge of burden of proving genuineness of transactions: Bombay HC confirms deletion of disallowance u/s 69C [Read Order]

The Bombay High Court confirmed deletion of disallowance under Section 69C of the Income Tax Act, 1961 on satisfactory discharge of burden of proving genuineness of transactions. The respondent in...

Satisfaction of AO u/s 69C should be Subjective: ITAT deletes Income Tax Addition [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has recently in an appeal filed before it, while deleting the Income Tax Addition, held that satisfaction of Assessing Officer (A.O), under...

Addition for Unexplained Expenditure cannot be made merely on Assumptions without Documents: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the addition for unexplained expenditure under section 69C of the Income Tax Act, 1961 cannot be made merely on the assumptions...

‘Reason to Suspect’ can’t be a reason to Re-open Assessment: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) in Urvish B. Mehta versus I.T.O, quashed the reopening since the ‘reason to suspect’ cannot be a ground of reason to re-open assessment. ...

Addition for Unexplained Expenditure is not mandatory even if no Explanation is offered or it is found to be Unsatisfactory: HC [Read Judgment]

A division bench of the Allahabad High Court, in Pr. Commissioner Of Income Tax, Varanasi v. Late Rama Shankar Yadav, held that addition in respect of unexplained expenditure under section 69A of the...

Documents found during Search must ‘belong to Assessee’ is a necessary Condition to invoke Assessment u/s 153C: Bombay HC

The division bench of the Bombay High Court, in a recent decision, held that the documents found during search must “belong to the assessee” is a necessary condition to invoke assessment u/s 153C of...