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...
Addition of cash deposits u/s 68 - abnormal sales reported by the assessee during demonetized period - The Tribunal found no merit in the Revenue's argument that the sales were abnormal, highlighting that no concrete evidence was presented to substantiate the claim of unaccounted money being introduced as sales. Furthermore, the Tribunal noted the impossibility of producing CCTV footage as demanded by the Revenue, years after the transactions took place. Based on the thorough documentation provided by the assessee, the Tribunal ruled that the cash deposits were sourced from legitimate sales proceeds.
Addition of cash deposits u/s 68 - abnormal sales reported by the assessee during demonetized period - The Tribunal found no merit in the Revenue's argument that the sales were abnormal, highlighting that no concrete evidence was presented to substantiate the claim of unaccounted money being introduced as sales. Furthermore, the Tribunal noted the impossibility of producing CCTV footage as demanded by the Revenue, years after the transactions took place. Based on the thorough documentation provided by the assessee, the Tribunal ruled that the cash deposits were sourced from legitimate sales proceeds.
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