S. 68 : Cash credits-Long term capital gains-Information from Investigation Wing-Penny stock-Accommodation entries-Purchase in the year 2010-11-No sale during the year-Transaction cannot be assessed as bogus-Failure to mention section in the notice u/s 143(2)-Assessment order is defective-Credit for tax deduction at source-Issue is not adjudicated by Commissioner (Appeals)-The Assessing Officer is directed to verify the claim. [S. 45, 143(2), 143(3)]
S. 68 : Cash credits-Gift-Opening balance-Capital account-Addition is deleted-Assessing Officer is directed to assessee returned income-Circular No. 549, Dated 31-10-1989(1990) 182 ITR 1 (St) [S. 148]
S. 68 : Cash credits-Identity and creditworthiness is established-Addition is deleted.
S. 68 : Cash credits-Short term deposits-Burden discharged-Addition is deleted. [S. 133(6)]
S. 68 : Cash credits-Information from investigation wing-Amount repaid in subsequent year-Failure to produce the directors of lender companies-Need not prove source of source-Order of CIT(A) deleting the addition is affirmed. [S. 131(d), 133(6)]
S. 68 : Cash credits-Long-term capital gains-Loss on sale of shares-Information from investigation wing-Not involved in price manipulation-Denial of exemption is not justified-Reassessment is affirmed.[S. 147, 148]
S. 68 : Cash credits-Unsecured loans-Failure to discharge the burden-Addition is affirmed. [S.131, 133(6)]
S. 68 : Cash credits-Capital gains-Loss on sale of shares-Price rigging-Reports from Investigation Wing and Securities and Exchange Board of India-No independent enquiry-No incriminating material-Disallowance of loss is deleted-No exempt income-No disallowance can be made. [S. 10(38), 14A,, 45, 133(6), R.8D]
S. 68 : Cash credits-Cash deposits-Bank-Cash sales-Demonetisation-Business of machinery parts and bearings-No discrepancy in stock register or goods and services tax returns-Addition is deleted.[S.69A, 133A]
S. 68: Cash credits-Share capital and share premium-Shares premium of 490 on a share with face value of Rs 10-Subscribers are not traceable-Addition is justified.[S.68, 131]