S. 68 : Cash credits-Cash deposits during demonetisation-Books audited and accepted-Rejection of books for selective entry unjustified [S. 145(3)]
Satya Pal Shiv Kumar v. ACIT (2025) 212 ITD 473 (Delhi)(Trib.)S. 68 : Cash credits-Cash deposits during demonetisation-Books audited and accepted-Rejection of books for selective entry unjustified [S. 145(3)]
Satya Pal Shiv Kumar v. ACIT (2025) 212 ITD 473 (Delhi)(Trib.)S. 57 : Income from other sources-Deduction of interest and commission-Failure to substantiate claim-Disallowance upheld.[S. 24(b), 57(iii)]
Vivek Sheel Aggarwal v. DCIT (2025) 212 ITD 257 (Delhi)(Trib.)S. 57 : Income from other sources-Deduction of interest-Nexus established between borrowings and lending-Disallowance deleted [S. 56, 57(iii)]
Vinay Badera v. ACIT (2025) 212 ITD 456 (Pune)(Trib.)S. 56 : Income from other sources-Former Cricketer-Revised return-Amount shown as taxable in the return-Return is accepted-Delay of 1993 in filing the appeal before CIT(A) is condoned-One-time benefit received by assessee, a former cricketer, from BCCI in recognition of his services to Indian cricket-Exempt under section 56(2)(vii)-BCCI is a trust registered under section 12AA of the Act. [S. 12AA, 56 (2)(vii, 143(1), Art. 265]
Kapil Dev Nikhanj v. ACIT (2025) 212 ITD 191 (Delhi) (Trib.)S. 56 : Income from other sources-Part consideration was paid as per allotment letter-Allotment of new flat was made in continuation of replacing of earlier allotment letter-Addition is deleted.[S. 56(2)(x)]
Pinstripe Properties (P.) Ltd. v. Dy.CIT (2025) 212 ITD 223 (Mum) (Trib.)S. 56 : Income from other sources-Purchase of immovable property-Sale agreement dated 1-6-2012 and received possession on same day-Document was registered on 27-6-2013-Provision was inserted in statute with effect from 1-4-2014-Addition is deleted [S. 56(2)(vii)(b)(ii)]
Nitin Narayan Kadamdhad v. ITO (2025) 212 ITD 199 (Nagpur) (Trib.)S. 56 : Income from other sources-Sale of immoveable property-Sale consideration and stamp value-Provisions is applicable to purchaser and not seller-Matter is remanded back to Assessing Officer.[S. 56(2)(x)]
Latika Sakharam Patil. v. ITO (2025) 212 ITD 89 (Pune) (Trib.)S. 56 : Income from other sources-Purchase of land along with other co-owners-Difference between fair market value and purchase consideration was approximately 10 per cent of purchase consideration of property-Addition was deleted. [S.56(2)(x)]
Arvindkumar Jagjivandas Thakkar. v. ITO (2025) 212 ITD 504 (Ahd) (Trib.)S. 54 : Capital gains-Profit on sale of residential property-Co-owner-Deduction allowable proportionately to extent of investment [S. 45]
Tejal Kaushal Shah (Smt.) v. ITO (2025) 212 ITD 397 (Mum)(Trib.)S. 50C : Capital gains-Full value of consideration-Stamp valuation-The AO adopted SRO rate as sale consideration-Not referred to DVO-Matter remanded to Assessing Office to refer determination of FMV of asset to DVO. [S. 45, 48]
Ramesh Munaiah Chintakunta. v. DCIT (2025) 212 ITD 117 (Hyd) (Trib.)