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...
Disallowance u/s 36(1)(vii) - bad debt claim in respect of identified debts - The Tribunal found no flaw in the information provided by the assessee regarding the bad debts claimed under section 36(1)(vii) and not under section 36(1)(viia). Moreover, it observed that the issue had been consistently decided in favor of the assessee by the Tribunal for preceding years, and the appeals filed by the Revenue against these decisions were dismissed by the Hon’ble Delhi High Court.
Disallowance u/s 36(1)(vii) - bad debt claim in respect of identified debts - The Tribunal found no flaw in the information provided by the assessee regarding the bad debts claimed under section 36(1)(vii) and not under section 36(1)(viia). Moreover, it observed that the issue had been consistently decided in favor of the assessee by the Tribunal for preceding years, and the appeals filed by the Revenue against these decisions were dismissed by the Hon’ble Delhi High Court.
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