Additional Income

Income Tax

ITAT Upholds Rs 3.75 Crore Addition on Excess Gold Stock And Rejects Post Survey Gold Deposit Agreements | Biz Flow Kit
Byadmin June 23, 2026

ITAT Upholds Rs 3.75 Crore Addition on Excess Gold Stock And Rejects Post Survey Gold Deposit Agreements The Income Tax Appellate Tribunal (ITAT) Hyderabad has held that the excess stock found during the survey is corroborative evidence and that the subsequently produced gold deposit agreements were not credible and failed to explain the discrepancy. The…

Read More ITAT Upholds Rs 3.75 Crore Addition on Excess Gold Stock And Rejects Post Survey Gold Deposit Agreements | Biz Flow Kit
Income Tax

Voluntary Disclosure of Income Cannot Be Retracted Without Proof of Coercion: High Court | Biz Flow Kit
Byadmin March 1, 2026

Voluntary Disclosure of Income Cannot Be Retracted Without Proof of Coercion: High Court The appellant, Shri Narayan Rao Hebri, a 71-year-old individual, was subjected to a survey operation under Section 133A of the Income-tax Act. During the survey, the assessee voluntarily offered an additional income of Rs. 1.25 Crores for the Assessment Year 2017-18 through…

Read More Voluntary Disclosure of Income Cannot Be Retracted Without Proof of Coercion: High Court | Biz Flow Kit