Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Procedural Gaps in E-Way Bill Compliance Don't...     TaxTMI    High Court Strikes Down Tax Credit Disallowance...     TaxTMI    Third Amendment to Sea Cargo Manifest Regulations...     TaxTMI    Company Wins Challenge Against Tax Order Due to...     TaxTMI    Procedural Lapses and Delay Scrutinized: Writ...     TaxTMI    Tax Dispute Resolved: Circular Trading Allegations...     TaxTMI    Customs Duty Slashed to 10% for Crude Vegetable...     TaxTMI    Tax Evasion Case: Section 122 Proceedings Can...     TaxTMI    Bail Granted to Accused in Fake Invoice Case Under...     TaxTMI    Taxpayer Wins Input Tax Credit Refund Claim,...     TaxTMI    Improper Online GST Notice Service Violates Natural...     TaxTMI    Supplier's Tax Non-Compliance Blocks Input Tax...     TaxTMI    Circular 199/11/2023 Mandates Comprehensive GST...     TaxTMI    Two Public Officials Caught in Rs. 500,000 Bribery...     TaxTMI    Independent Service Provider Wins GST Refund Claim,...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Disallowance - cash credit - Section 68 nowhere empowers the ...


Section 68: Assessing Officers Must Evaluate Evidence Before Rejecting Assessee's Explanations on Cash Credits.

November 7, 2011

Case Laws     Income Tax     AT

Disallowance - cash credit - Section 68 nowhere empowers the Assessing Officer to reject each and every explanation of the assessee... - AT

View Source

 

← Previous Next →

 

You may also like:

  1. The addition made u/s 68 for bogus share application money receipts was solely based on the statement of an unrelated third party, Shri Pravin Kumar Jain, recorded...

  2. Addition u/s 68 - Unexplained credit - scope of amended provisions of section 68 - onus to prove source of source - Although, the issue before us pertains to assessment...

  3. Additions u/s 68 - Any appellate authority cannot reject the evidences without any discussion or reason. The CIT (A) has not mentioned as to what more evidence were...

  4. The Appellate Tribunal held that the Assessing Officer erred in making additions u/s 68 for unsecured loans and disallowing interest component. The assessee demonstrated...

  5. Validity of assessment under section 153A - addition u/s 68 - By simply referring to General findings of investigations wing at Kolkata entry operators providing bogus...

  6. Addition u/s 68 OR 41(1) - unexplained cash credit - Cessation of liability - The appellant contested additions to their income, alleging bogus sundry creditors. Despite...

  7. Ex-parte assessment u/s 144 treated unexplained cash deposits as undisclosed and unexplained income, added to the assessee's total income u/s 68 read with Section 69A....

  8. Addition u/s 68 - Cash deposits in bank account as undisclosed income - Section 68 makes it clear that in respect of a cash credit entry the explanation offered by the...

  9. Unexplained Investment u/s 68 instead of u/s 69 - there is total lack of application of mind, the Assessing Officer had not formed the opinion objectively with reference...

  10. The Appellate Tribunal dismissed the assessee's appeal regarding the revision u/s 263 concerning unsecured loans received. The Principal Commissioner found that the...

  11. Validity of the assessment framed under section 158BD - In the absence of the basic documents evidencing accommodation entry being provided to the assessee, the bank...

  12. Addition u/s 68 - Unexplained cash deposits - statement of the assessee admitting the income at the time of survey - subsequent retraction made by assessee - it is not...

  13. The ITAT upheld the addition under Section 68 of the Income Tax Act regarding unsecured loans and share capital. Despite the Assessee's claims of secured loans from...

  14. Unexplained cash credits u/s 68 and the applicability of Section 115BBE for taxing such additions. The key points are: The Assessing Officer (AO) issued notices u/s...

  15. ITAT ruled on multiple taxation issues involving property rental and undisclosed investments. The tribunal determined that the assessee's property rental activities...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: Taxpayer Challenges Time-Barred GST Appeal Under Section 161, Experts ...
H: Electronic Filing Mandate: Auditors Must Submit ADT-4 Reports Digitall...
H: Semiconductor Zones Get Revamped: New SEZ Rules Expand Land, Export, a...
H: Govt Authorizes Information Sharing for Women and Child Development We...
H: Standardized Protocol for Handling Undelivered International Postal Ar...
T: Tax Return Revolution: Expanded Filing Rules Boost Transparency, Manda...
T: Taxpayer Info Disclosure: Balanced Approach Balancing Privacy, Public ...
C: SEBI Introduces Robust ESG Debt Securities Framework to Enhance Transp...
T: Tax Proceedings Elevated to Judicial Status, Enhancing Procedural Inte...
C: SEBI Offers Temporary Relief for Listed Debt Securities Issuers on Fin...
F: Comprehensive Lease of Industrial Facility Triggers Complex GST Analys...
F: Business Competition Grant: Tax Treatment Hinges on Capital vs. Revenu...
F: Taxpayers with mixed income must use ITR-4 for presumptive taxation, a...
F: GST Export Services: LUT Filing Clarifies 0% Tax Reporting, Invoice Va...
F: Company Pays GST on CEO's UK Management Course Under Reverse Charge Me...
A: Navigating Unbilled Revenue: Accounting Recognition, Tax Implications,...
A: GST Appeals Streamlined: New Procedural Rules Establish Comprehensive ...
A: Corporate Compliance Alert: Annual Returns Filing Mandatory for Privat...
A: Startups Must Navigate Complex GST Compliance Maze to Ensure Smooth Sc...
A: Strategic Autonomy Needed: India Must Develop Domestic Rare-Earth Magn...
A: SEZ Units Navigate Complex Tax and Customs Regulations Under Integrate...
A: Businesses Can Claim GST Refunds Within Two Years of Cancellation, Cov...
A: Importers Can Bring Used Machinery to India via MOOWR, Following Stric...
A: Strategic Vulnerabilities: India's Rare Earth Dilemma and the Global C...
A: Transforming Urban Mobility: Eco-Friendly Transportation Strategies fo...
A: Individual Choices Matter: 10 Simple Ways to Reduce Environmental Foot...
H: GST Liability Payment Approved in Instalments, Authorities Directed to...
H: Tax Notification 56/2023 Struck Down: Limitation Period Extension Inva...
H: Tax Credit Dispute: Appellate Path Opened with Nuanced Pre-Deposit Gui...
H: GST Show Cause Notice Upheld: Procedural Technicality Cannot Override ...