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F: interest payable
F: GST on Sale of Business Assets
Income Tax Department conducts searches in Madhya Pradesh
A: CONTROLLED DELIVERY (CUSTOMS) REGULATIONS, 2022
F: Hotel accomodation vs residential dwellings
Government releases two instalments of tax devolution to State Governm...
H: Constitutional Validity of 2nd proviso to Section 16(2) of the CGST Ac...
H: Seeking grant of bail - Conspiracy - Illegal and fraudulent availment ...
H: Prosecution u/s 276-CC (ii) - evasion of tax - 72 days delay in filing...
F: Recovery of tooling cost
H: Addition u/s 68 - Unexplained share application money - onus to prove ...
H: Rejection of book result u/s 145(3) - estimation of income - Deduction...
H: Addition u/s 68 - unexplained cash deposits - What is relevant is the ...
H: Disallowance u/s.40A(3) - expenses towards air ticket and hotel expens...
H: Addition u/s 56/68 - Unexplained credit in capital account - advances ...
H: Allowable business expenses u/s 37(1) - site encroachment charges, lan...
A: Order for non-granting GST registration must be a speaking order
A: Pre-GST unutilized Credit of Education Cess, SHEC and KKC eligible to ...
H: Nature of expenses - AO incorrectly applied matching principle for mak...
H: TP Adjustment - determination of Arm’s Length Price (ALP) - The produc...
H: Criminal Conspiracy - Proceedings against the Superintendent of Custom...
H: Validity of summon order - Winding up of the company - Dishonor of Che...
H: CIRP - Recovery proceedings initiated by the bank under SARFAESI Act -...
H: Effect of interim moratorium - Dishonor of Cheque - ongoing CIRP proce...
H: Extended period of limitation - The assessee has not disclosed the val...
H: CENVAT Credit - Works Contract Services - Input Services - The express...
H: Dishonor of Cheque - cheques in question have not even been issued by ...
Edited Transcript of Reserve Bank of India’s Monetary Policy Press Con...
The world sees India as an engine of economic growth: Shri Piyush Goyal
H: Issuance of separate SCN with respect to same search and seizure opera...
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Income Tax - Highlights / Catch Notes

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Income Tax - Unexplained cash credit u/s. 68 - Onus to prove - By...

Income Tax

Unexplained cash credit u/s. 68 - Onus to prove - By observing that the assessee in the present case, has been able to discharge the initial burden to establish the identity, creditworthiness and genuineness as regards the transactions concerning the allotment of shares. - the impugned additions as made u/s 68 and consequential addition of estimated commission u/s 69C is not sustainable in law - AT

 

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