Section 115BBE Applicability

Income Tax

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation | Biz Flow Kit
Byadmin April 16, 2026

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation ITAT Delhi held that, even though the assessee failed to fully prove transactions with a suspicious party, taxing the entire Rs 1.47 crore would cause double taxation. It restricted the addition to Rs 10 lakh and ruled Section…

Read More ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation | Biz Flow Kit
Income Tax

ITAT Upholds Rs 80 Lakh Addition in Unexplained Cash Credits Case | Biz Flow Kit
Byadmin March 30, 2026

No Evidence, No Relief: ITAT Upholds Rs 80 Lakh Addition in Unexplained Cash Credits Case The ITAT Surat held that mere claims without evidence cannot justify large cash deposits. Unusual cash handling and lack of documentation led to treating deposits as unexplained income, upholding the Rs 80 lakh addition and dismissing the assessee’s appeal. The…

Read More ITAT Upholds Rs 80 Lakh Addition in Unexplained Cash Credits Case | Biz Flow Kit