Tag: section 68
No additon u/s 68 if assessee failed to produce persons who...
No additon u/s 68 if assessee failed to produce persons who had applied as shareholders-
SC dismissed SLP
IT: SLP dismissed against High Court ruling that...
Concealed consideration on sale of Agricultural Land is not Agricultural Income...
Agricultural Income
ACIT vs. Mohinder Singh (ITAT Chandigarh)
S. 2(1A)/ 68: An assessee who understates the consideration received for sale of agricultural land to avoid payment...
Even income taxable under section 68 eligible for exemption u/s 10(23C)(v)
section 68
Asstt. CIT v. Gurudatta Shikshan Sanstha in section 68
Decision: In assessee's favour.
Exemption under section 10(23C)--Allowability-- Deemed income under section 68
Facts:
Assessee trust claimed exemption under section...
Bogus LTCG from Penny stocks
Sanjay Bimalchand Jain vs. Pr CIT (Bombay High Court)
GIST:
Bogus LTCG from Penny stocks: The assessee has not tendered cogent evidence to explain how the...
