S. 69A : Unexplained money-Cash deposit-Demonetization-Partly from fixed deposit maturity and partly from her brother’s funds-Addition is deleted-Best judgment assessment-Responded notices-conditions for invoking Section 144 were not met and therefore, assessment made by Assessing Officer u/s.144, would not sustain-Addition is deleted. [S.115BBE, 144]
S. 69A : Unexplained money-Search-Accumulated cash amount-Recorded in the books of account-Addition is deleted. [S. 132]
S. 69A : Unexplained money-Demonetisation-Cash deposited-Statement of director-Addition made on basis of statement of director of RBPL and some CCTV footages obtained from bank-Addition is deleted. [S. 115BE, 132,132(4A), 153C,292C, Indian Evidence Act, 1872, S.65B]
S. 69 :Unexplained investments-Investment in purchase of a farm house-Survey-Reassessment is up held-Addition is deleted on the ground that no opportunity to cross examination is provided-No addition can be made ignoring the registered sale deed. [S.133A, 147, 148]
S. 69 :Unexplained investments-Survey-Amount surrendered-money lending-Assessable as business income-Cannot be taxed under deeming provision.[S. 28(i), 115BBE, 133A]
S. 68 : Cash credits-Share capital-Share premium-Identity, genuineness of transaction and creditworthiness of investor is established-Deletion of addition by CIT(A) is affirmed
S. 68 : Cash credits-Additional evidence-Mismatch in receipts between profit and loss account and Form 26AS-Matter remanded back to Assessing Officer for de novo adjudication.[Form No 26AS, ITAT R. 29]
S. 68 : Cash credits-Sale of shares-Penny stock-PMC Fin Corp script-Long term capital gains-D-Mat account-Sale through recognized stock exchange-STT paid-Purchasing shares from the stock exchange platform is not unlawful and continuous buying of shares at increased price does not contravene any provisions of SEBI laws-Denial of exemption is not valid. [S.10(38), 45]
S. 68 : Cash credits-Foreign portfolio investor-Sale of shares-Holding more than 10 years as investment-Addition is deleted-DTAA-India-Mauritius.[S.9(1)(i), 115BBE, Art. 22]
S. 68 : Cash credits-Protective basis-Substantive addition is confirmed-Addition is deleted. [S. 45,143(3), Vivad se Vishwas Scheme]