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...
Revision u/s 263 - unexplained expenditure - Though the policy adopted by the assessee is not at par with the settled accounting policies since the cash is entered in the books without actually receiving the cash, however, going through the flow of the transactions we find that this is in the nature of sales reversal - it is merely a sales reversal entry and not a case of unexplained expenditure - no prejudice is caused to the Revenue due to this accounting system consistently followed by the assessee - AT
Revision u/s 263 - unexplained expenditure - Though the policy adopted by the assessee is not at par with the settled accounting policies since the cash is entered in the books without actually receiving the cash, however, going through the flow of the transactions we find that this is in the nature of sales reversal - it is merely a sales reversal entry and not a case of unexplained expenditure - no prejudice is caused to the Revenue due to this accounting system consistently followed by the assessee - AT
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