Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Addition u/s 68 - cash deposit in bank account - assessee claimed deposit relates to substantial cash withdrawn and out of opening cash in hand - in absence of any evidence with the AO that the assessee has infact consumed such huge cash and incurred huge expenditure for some other purpose addition not justified specially when assessee is showing huge income and also having agricultural income in the preceding years as well as current year
Addition u/s 68 - cash deposit in bank account - assessee claimed deposit relates to substantial cash withdrawn and out of opening cash in hand - in absence of any evidence with the AO that the assessee has infact consumed such huge cash and incurred huge expenditure for some other purpose addition not justified specially when assessee is showing huge income and also having agricultural income in the preceding years as well as current year
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