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No addition as undisclosed income if Revenue failed to bring on record that the amount in fact belonged to Assessee

This is an online news portal for tax news, updates, articles, judgments, Circulars, Notification and orders with regards to Indian Taxation Laws. ‘Simplifying the TAX & creating awareness about tax laws is the main motto of the Team theTAXTALK.

Recent Posts

If notice under section 148A(b) and order under Section 148A(d) are not issued in faceless manner under the faceless assessment scheme, then the same are without jurisdiction: Telangana High Court
The State Tax Officer cannot block ITC Ledger even when State has issued Notification to empower the authorities with the power for the same: Bombay HC
If the taxpayer is able to prove that tax amount is paid to the seller and the ITC claim is bonafide, ITC cannot be denied merely on non-reflection in GSTR-2A: Kerala High Court
GSTN Advisory: Geocoding Functionality for the Additional Place of Business
Introducing Electronic Credit Reversal and Re-claimed statement on GSTN

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