Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Assessee partly succeeded. AO made addition u/s 69A r.w.s 115BBE treating bank deposits as unexplained money despite assessee providing details of fixed deposits, bank statements, investments from employment income except one entry of Rs. 63,133. ITAT held once source is explained with supporting evidence, mere doubting genuineness without basis is unjustified. Except Rs. 63,133, no addition u/s 69A can be made for explained credits. Decided in favour of assessee partly.
Assessee partly succeeded. AO made addition u/s 69A r.w.s 115BBE treating bank deposits as unexplained money despite assessee providing details of fixed deposits, bank statements, investments from employment income except one entry of Rs. 63,133. ITAT held once source is explained with supporting evidence, mere doubting genuineness without basis is unjustified. Except Rs. 63,133, no addition u/s 69A can be made for explained credits. Decided in favour of assessee partly.
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