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...
Framing assessment u/s 143(3) without serving notices at the registered e-mail address - changing of the e-mail id - The ITAT found that the appellant had not communicated their change in email address to the revenue authorities, hence dismissing the appellant's claim of non-service of notices. - Concerning the disallowance of exceptional items, the tribunal determined that the shares issued by RFCL to the appellant constituted income, earned in exchange for the right to use the appellant's capital asset. Therefore, the disallowance made by the Assessing Officer was upheld. The tribunal directed the deletion of any income already offered for taxation in subsequent years to avoid double taxation.
Framing assessment u/s 143(3) without serving notices at the registered e-mail address - changing of the e-mail id - The ITAT found that the appellant had not communicated their change in email address to the revenue authorities, hence dismissing the appellant's claim of non-service of notices. - Concerning the disallowance of exceptional items, the tribunal determined that the shares issued by RFCL to the appellant constituted income, earned in exchange for the right to use the appellant's capital asset. Therefore, the disallowance made by the Assessing Officer was upheld. The tribunal directed the deletion of any income already offered for taxation in subsequent years to avoid double taxation.
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