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Amendment to Sec 36(1)(va) and 43B of Income Tax Act will not have application for AY 2019-20: ITAT

Receipt which do not fall under definition of 'income' would not be includible in ‘book profit' u/s 115JB: ITAT

ITAT restore the matter to CIT(A) to decide it on merits when assessee is not interested in pursuing appeal

AO cannot just levy penalty merely on ground that additions were made during quantum proceedings: ITAT

Onus to explain identity and creditworthiness of person from whom credit is received lies on assessee: ITAT
