Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
