Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Addition u/s 69A - unexplained cash deposits in the bank account - onus to prove - The Tribunal noted that the appellant had provided evidence to support the source of cash deposits, demonstrating legitimate cash withdrawals preceding the deposits. It concluded that the Assessing Officer had not presented any adverse material to refute the appellant's claims. Therefore, the Tribunal directed the AO to delete the impugned addition under section 69A.
Addition u/s 69A - unexplained cash deposits in the bank account - onus to prove - The Tribunal noted that the appellant had provided evidence to support the source of cash deposits, demonstrating legitimate cash withdrawals preceding the deposits. It concluded that the Assessing Officer had not presented any adverse material to refute the appellant's claims. Therefore, the Tribunal directed the AO to delete the impugned addition under section 69A.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
