PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
The ITAT accepted the assessee's explanation regarding the WhatsApp chat and held that the provisions of section 69A cannot be invoked for the addition of Rs. 30 lakhs, as the assessee had not received this amount from Omaxe Limited or any other party. The credit of TDS of Rs. 30 lakhs was duly given to the assessee by the income tax department after Omaxe Limited deposited the same. Consequently, the addition of Rs. 30 lakhs made by the AO was deleted.
The ITAT accepted the assessee's explanation regarding the WhatsApp chat and held that the provisions of section 69A cannot be invoked for the addition of Rs. 30 lakhs, as the assessee had not received this amount from Omaxe Limited or any other party. The credit of TDS of Rs. 30 lakhs was duly given to the assessee by the income tax department after Omaxe Limited deposited the same. Consequently, the addition of Rs. 30 lakhs made by the AO was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
