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2022 (11) TMI 1257 - AT - Income TaxAddition u/s 68 - unexplained cash credit - Non establishing identity, creditworthiness and genuineness of the transaction - HELD THAT:- DR has fairly agreed that the Assessing Officer in the remand report has reported that the assessee has duly established the identity, creditworthiness of the creditors and genuineness of the transaction and he has also fairly agreed that the issue is also squarely covered by the Decision of AMBITION AGENCIES PRIVATE LIMITED [2021 (11) TMI 750 - CALCUTTA HIGH COURT] and SMT. B. JAYALAKSHMI [2018 (8) TMI 208 - MADRAS HIGH COURT] - Decided against revenue. Addition u/s 14A - expenditure incurred towards tax exempted income - HELD THAT:- As held in many decisions where the assessee has not derived any tax exempt income from investments, then no disallowance is attracted u/s 14A of the Act. - Decided against revenue.
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