Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of ITAT held that additions and enhancements made by the AO and affirmed by the Ld. CIT(A) in respect of alleged undisclosed receipts and PoCM accruals are unsustainable. Diary entries seized from a director's premises partly related to a separate developer and, absent independent corroboration or statements enabling identification, cannot support additions founded on suspicion. The AO's 20% advance-based revenue recognition addition and enhancements premised on purported statements u/s 132(4) fail for lack of admissible corroborative material and absence of a show-cause opportunity as required by s. 251(2). The PoCM computations submitted by the assessee were not controverted; accordingly ITAT directed reversal of impugned additions and quashed the enhancements.
TaxTMI 
TaxTMI 
