₹5.01 Crore Suppressed Sales, But Only ₹10.02 Lakh Taxable
₹5.01 Crore Suppressed Sales, But Only ₹10.02 Lakh Taxable ITAT Mumbai Says Unrecorded Turnover Cannot Automatically Be Treated as…
unaccounted sales addition
Recent Posts
- Section 43B: Unpaid Service Tax Cannot Be Disallowed When No Deduction Was Claimed
- Section 50C: ITAT Mumbai Says AO Cannot Ignore a Pending DVO Reference
- Unsold Flats Are Not Tax-Free! Mumbai ITAT Explains Notional Rent, Municipal Value and Section 43CA Relief
- WhatsApp Chat Alone Cannot Prove ₹24.21 Crore On-Money: ITAT Ahmedabad Deletes Addition
- Section 54: Does Joint Ownership With Wife Reduce Capital Gains Exemption by 50%?
- Section 74 Cannot Be Invoked by Merely Using the Words “Fraud” or “Suppression”: Supreme Court Lays Down Important Safeguards
- Section 16(5): A Second Chance for Old GST Input Tax Credit Claims
- Electricity Subsidy Taxable? Supreme Court Reiterates the “Purpose Test”
- Can a CBDT Circular Override the Income Tax Act? Supreme Court Gives an Important Reminder
- Builder’s Cash Receipts: When Can Unexplained On-Money Be Taxed Under Section 69A?
