This Digest of case laws is prepared by KSA Legal and AIFTP from judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
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S. 69A: Unexplained money-Survey-Addition based on dumb documents seized from third parties deleted.[S. 133A]

Suresh Kumar Banthia v. DCIT (2025) 238 TTJ 130 (Kol.)(Trib.)

S. 69: Unexplained investments-Undisclosed Income-Loose papers-Addition based on dumb documents-Addition was deleted.[S.69C, 132, 153A]

ACIT v. Chhattisgarh Distilleries Ltd. (2025) 238 TTJ 774 / 177 taxmann.com 257 (Raipur)(Trib.)

S. 69: Unexplained investments-Non-Resident Indian-Investment in property out of foreign salary remitted through NRE account cannot be assessed under section 69. [S. 5(2)]

Rajnish Kasturchand Ostwal v. ITO (IT) (2025) 238 TTJ 737 / (2026) 216 ITD 24 (Mum.)(Trib.)

S. 68: Cash credits-Cash deposit in bank-Demonetisation-Cash sales-Books of account not rejected-Figures of sales have been depicted in VAT return-Addition is deleted-Section 115BBE is applicable to transactions on or after 1st April, 2017.[S. 115BBE]

Ayesha Steels (P) Ltd v. ITO (2025) 238 TTJ 942 (Delhi)(Trib)

S. 68: Cash credits-Gift from sister-Creditworthiness and genuineness proved-Addition deleted.

Sharad Maheshwari v. ITO (2025) 238 TTJ 1055 (Agra)(Trib.)

S.68: Cash credits-Bogus long-term capital gains-Genuine share transactions through stock exchange, demat account and banking channels cannot be treated as bogus in the absence of incriminating evidence. [S. 45 69C]

Ashok Panwar (HUF) v. ACIT (2025) 238 TTJ 681 (Jodhpur)(Trib.) Ashok Panwar. ACIT (2025) 238 TTJ 681 (Jodhpur)(Trib.)

S. 68: Cash credits-Addition cannot be sustained where the assessee establishes the identity, creditworthiness and genuineness of the share subscribers by producing confirmations, ITRs, audited financial statements, bank statements and all subscribers respond to notices under section 133(6).[S. 131, 133(6)]

Samrat Finvestors (P.) Ltd. v. ITO (2025) 238 TTJ 423 / 181 taxmann.com 713 (Kol.)(Trib.).

S. 68: Cash Credits-Method of accounting-Opening balance of unsecured loans cannot be taxed under the section. [S. 145]

ACIT v. Ramasubbu Minnalkodi (2025) 238 TTJ 337 (Chennai)(Trib.)

S. 68: Cash Credits-Disclosure under IDS, 2016-Addition confined to difference between bogus share sale proceeds and income disclosed.

DCIT v. Vimalar Vind Kapasi (2025) 238 TTJ 228 (Mum.)(Trib.)

S. 68: Cash Credits-Cash deposits during demonetisation-Addition cannot be made on conjectures-Matter remanded.

Rohilkhand Educational Charitable Trust v. DCIT (2025) 238 TTJ 173 / 178 taxmann.com 672 (Lucknow)(Trib.)