News

CBI has filed its 18th chargesheet against MKHS Housing LLP, Indiabulls entities and their directors/officials over alleged cheating, criminal conspiracy and fund diversion in a Rajarhat homebuyers fraud case.

CBI Files 18th Chargesheet Against MKHS Housing, Indiabulls Entities in Homebuyers Major Fraud Case

Judgement

The ITAT Delhi quashes satisfaction note recorded 24 Months after completion of Search Assessment  



ITAT Quashes Section 153C Proceedings as Time-Barred Relying Upon Supreme Court Ruling

ITAT deletes Rs 87 lakh Section 68 addition, finding no evidence that the assessee was involved in accommodation entries and noting sufficient documentary proof of the loan transaction.

ITAT Deletes Rs 87 Lakh Section 68 Addition After Finding No Evidence of Assessee’s Involvement in Accommodation Entries

The ITAT Delh held third-party diary pages cannot justify Section 69A Addition Without Clear Evidence 



ITAT Deletes Rs 1.66 Crore Addition Based on Uncorroborated Third-Party Loose Sheets

The ITAT Delhi directs AO to re-examine disputed additions under Sections 69A and 115BBE.


ITAT Remits Section 69A Additions to AO for Fresh Adjudication 

The ITAT Delhi holds that CSR expenditure prohibited under Section 37(1) does not bar deduction under Section 80G 



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CBI Files 18th Chargesheet Against MKHS Housing, Indiabulls Entities in Homebuyers Major Fraud Case

ITAT Quashes Section 153C Proceedings as Time-Barred Relying Upon Supreme Court Ruling

ITAT Deletes Rs 87 Lakh Section 68 Addition After Finding No Evidence of Assessee’s Involvement in Accommodation Entries

ITAT Deletes Rs 1.66 Crore Addition Based on Uncorroborated Third-Party Loose Sheets

ITAT Remits Section 69A Additions to AO for Fresh Adjudication

ITAT Allows Section 80G Deduction on CSR Donations to Eligible Charitable Entities