Judgement

The Tribunal accepted his explanation, noting that the amount was invested out of the income earned by the assessee in Dubai, which was invested in property.

ITAT Ahmedabad Deletes Rs 56 Lakh Addition in NRI Property Investment Case

Taxpayer Bound by Self-Assessment; Higher Tax Rate Under Section 115BBE Upheld

Voluntary Disclosure of Income Cannot Be Retracted Without Proof of Coercion: High Court

Once income estimated at 3% of stock put to sale, cash deposits from retail liquor sales cannot be treated as unexplained money

ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits After Estimating Liquor Business Profits

ITAT Rules Against Additions Based on "Dumb Documents" Found During Builder Search

Third-Party Excel Sheets Without Corroboration Cannot Justify Income Tax Additions

Regulatory labelling as “non-fruit syrup” under food laws cannot override fiscal classification: Supreme Court

Rooh Afza is a Fruit Syrup, Not a Soft Drink: Supreme Court Rules on Tax Classification

Supreme Court Holds ‘Sharbat Rooh Afza’ Taxable as Fruit Drink at 4% Under UPVAT, Not Residuary 12.5%

High Court Quashes Reassessment Where All Facts Were Already Disclosed During Original Scrutiny

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ITAT Ahmedabad Deletes Rs 56 Lakh Addition in NRI Property Investment Case

Voluntary Disclosure of Income Cannot Be Retracted Without Proof of Coercion: High Court

ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits After Estimating Liquor Business Profits

Third-Party Excel Sheets Without Corroboration Cannot Justify Income Tax Additions

Supreme Court Holds ‘Sharbat Rooh Afza’ Taxable as Fruit Drink at 4% Under UPVAT, Not Residuary 12.5%

Tax Authorities Can't Reopen Assessments Based on Change of Opinion Without New Tangible Evidence