Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Addition u/s 69A r.w.s. 115BBE - assessee deposited cash during demonetization period - The Appellate Tribunal found the appellant's claim backed by sufficient documentary evidence, concluding that no addition could be made solely based on suspicion. As the cash generated from sales was duly reflected in the books of accounts, the provisions of Sec. 69A were not applicable. Ultimately, the Tribunal allowed the appellant's appeal, overturning the additions made by the assessing authority.
Addition u/s 69A r.w.s. 115BBE - assessee deposited cash during demonetization period - The Appellate Tribunal found the appellant's claim backed by sufficient documentary evidence, concluding that no addition could be made solely based on suspicion. As the cash generated from sales was duly reflected in the books of accounts, the provisions of Sec. 69A were not applicable. Ultimately, the Tribunal allowed the appellant's appeal, overturning the additions made by the assessing authority.
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