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A.Jhonkar v. Dy. CIT v. Johnkumar Trust (2022) 220 TTJ 187 (Chennai) (Trib) Dy. CIT v. Johnkumar Trust (2022) 220 TTJ 187 (Chennai) (Trib)

S. 69C : Unexplained expenditure-Gifts given to beneficiaries of chit fund scheme-Admitted Rs. 3. 2 crores as undisclosed income-Benefit of telescoping has to be given-WhatsApp messages-WhatsApp message sent from assessee’s mobile phone-WhatsApp messages are a dumb document without any corroborative evidence on record-No addition can be made on the basis of said documents. [S. 153A]

Macleods Pharmaceuticals Ltd. v. Dy. CIT (2022) 217 TTJ 763/ 214 DTR 105 (Mum)(Trib)

S. 69C : Unexplained expenditure-Bogus purchases-Restricted to 12.5 % of bogus purchases. [S. 133(6), 143(3)]

Dy. CIT v. Mahendra Brothers Exports Pvt. Ltd. (2022) 99 ITR 537 (Mum)(Trib)

S. 69B : Amounts of investments not fully disclosed in books of account-Jangad (memo of NE)-Rough rejections and rough diamonds-Valuation report-Addition was deleted. [S. 131]

DCIT v. Shivram Consultants India (P) Ltd. (2022) 220 TTJ 640 / 220 DTR 9 (Delhi) (Trib.)

S. 69A : Unexplained money-Income from undisclosed sources-Data retrieved from the hard disk revealed undated, unsigned and unexecuted draft deed and draft cash receipt relating to the transaction of sale of property between the assessee and third party-Such draft deed and originally executed deed being exactly similar such material cannot be ignored-Addition was up held-Reassessment was held to be valid. [S. 147, 148]

Shanmugam Ethiraj v. ITO (2022) 96 ITR 17 (SN) (Chennai) (Trib)

S. 69A : Unexplained money-Deposits of cash in bank account-Cash withdrawals from bank account more than cash deposited-Addition is not justified.

Sarabjit Kaur (Smt.) v. ITO (2022) 96 ITR 440 (Chd.)(Trib.)

S. 69A : Unexplained money-Cash deposits-Information received from Enforcement Directorate of cash deposits in bank accounts-Rule of consistency-Addition was deleted. [S. 69]

Jigar Ashok Hebra v. ITO (2022) 96 ITR 310 (SMC) (Ahd) (Trib)

S. 69A : Unexplained money-Agricultural income-Disallowance at 25 Per Cent of expenses incurred for earning agriculture income is held to be reasonable.

Jagmohan Kaur Bajwa (Smt.) v. ITO (2022)97 ITR 149 (Chd) (Trib)

S. 69A : Unexplained money-Money received from relatives-entries recorded in the books of accounts-Explanation of the purpose of receiving the money given-Identity of persons not in doubt-payments received through banking channel-Addition made not proper.

Om Prakash Nahar v. ITO (2022)100 ITR 345 /(2023] 198 ITD 312 (Delhi)(Trib)

S. 69A : Unexplained money-Senior Citizen-Deposit of cash during demonetisation period-Withdrawal from bank-Addition was deleted. [S.115BBE]

Dy. CIT v. Mahendra Brothers Exports Pvt. Ltd. (2022) 99 ITR 537 (Mum)(Trib)

S. 69A : Unexplained money-Search and Seizure-Shortage of physical stock-Only profit element embedded in sale transaction can be brought to tax. [S. 132]