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...
Penalty u/s. 270A - The appellant argues that Section 270A(9)(c) of the Act should not be attracted in this case because there was no mis-reporting or under-reporting of income. The appellant asserts that all relevant details and explanations were provided during the assessment proceedings. - The tribunal held that the Assessing Officer and the CIT(A) were not justified in imposing the penalty.
Penalty u/s. 270A - The appellant argues that Section 270A(9)(c) of the Act should not be attracted in this case because there was no mis-reporting or under-reporting of income. The appellant asserts that all relevant details and explanations were provided during the assessment proceedings. - The tribunal held that the Assessing Officer and the CIT(A) were not justified in imposing the penalty.
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