Composite residential flat exemption upheld where supplementary agreement merged adjoining units and additional evidence supported the taxpayer's inve...
Urgent interim relief exception permits commercial suit without pre-institution mediation where immediate disclosure and asset protection are genuinel...
Addition u/s 69 - Cash/credit deposit in the bank account - Assessment u/s 44AD - The ITAT supported the FAA’s enhancement of the addition. The assessee's failure to provide credible evidence for the cash deposits led to the conclusion that these were indeed unaccounted income. - The Tribunal agreed with the FAA's skepticism regarding the transactions with Krish Builders. The improbability of the alleged business activities, coupled with the lack of substantial evidence, justified the addition.
Addition u/s 69 - Cash/credit deposit in the bank account - Assessment u/s 44AD - The ITAT supported the FAA’s enhancement of the addition. The assessee's failure to provide credible evidence for the cash deposits led to the conclusion that these were indeed unaccounted income. - The Tribunal agreed with the FAA's skepticism regarding the transactions with Krish Builders. The improbability of the alleged business activities, coupled with the lack of substantial evidence, justified the addition.
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