Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
During the last few years assessee company followed the same practice of holding certain shares under the head “Investment” and some shares as “Stock in trade”. Therefore, as the assessee was holding the shares as investment consistently and the same were acquired out of own funds, there was no reason to treat the same as business income.
During the last few years assessee company followed the same practice of holding certain shares under the head “Investment” and some shares as “Stock in trade”. Therefore, as the assessee was holding the shares as investment consistently and the same were acquired out of own funds, there was no reason to treat the same as business income.
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