Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
ITAT dismissed the assessee's appeal challenging the denial of exemption under section 11. The tribunal found no procedural fault in the DCIT(CPC)'s order, which was based on the original tax return where no exemption was claimed. The assessee failed to file a revised return or correct PAN details for over seven years, despite acknowledging the incorrect form submission. The tribunal held that the assessment order was valid, as the assessee did not take timely corrective actions to substantiate the claimed exemption.
ITAT dismissed the assessee's appeal challenging the denial of exemption under section 11. The tribunal found no procedural fault in the DCIT(CPC)'s order, which was based on the original tax return where no exemption was claimed. The assessee failed to file a revised return or correct PAN details for over seven years, despite acknowledging the incorrect form submission. The tribunal held that the assessment order was valid, as the assessee did not take timely corrective actions to substantiate the claimed exemption.
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