Unexplained Income – CA Adityavikram Banka

Cash sales during demonetisation already reported as sales, cannot be taxed twice as unexplained credit: ITAT Delhi

18 April, 2024 admin

Cash sales during demonetisation already reported as sales, cannot be taxed twice as unexplained credit: ITAT Delhi Harisons Diamonds Pvt Ltd Vs ACIT (ITAT Delhi) Appeal Number : ITA No. 1426/DEL/2021 Facts: 1. An addition

Taxation of unexplained income or investment

26 March, 2024 admin

Taxation of unexplained income or investment: 1. Sec .68 of Income Tax Act– Cash Credits Where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee

Tag: Unexplained Income

Cash sales during demonetisation already reported as sales, cannot be taxed twice as unexplained credit: ITAT Delhi

Taxation of unexplained income or investment