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3 results for “depreciation”+ Unexplained Cash Creditclear

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Key Topics

Section 2606Section 694Section 260A2Section 2542Section 2(22)(e)2Section 682

M/S FIDELITY BUSINESS SERVICES INDIA PVT LTD vs. ASSISTANT COMMISSIONER OF INCOME TAX

ITA/512/2017HC Karnataka23 Jul 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 2(22)(e)Section 254Section 260

credits as the undisclosed income in the hands of the Assessee under Section 68 of the Act and the learned Tribunal on an appeal though held that the additions in the hands of the Assessee under Section 68 of the Act could not be sustained but, the Tribunal proceeded to add the aforesaid amounts as unexplained income of the Assessee

SRI S S JYOTHI PRAKASH vs. THE ADDL COMMISSIONER

The appeal is allowed accordingly

ITA/460/2010HC Karnataka07 Jun 2016

Bench: JAYANT PATEL,B.SREENIVASE GOWDA

Section 260Section 68Section 69

cash credit and with regard to 5 addition made under Section 69 of the Act, he gave partial relief of Rs.6,09,119/-. 5. The matter was further carried by the appellant before the Tribunal. The Tribunal vide order dated 10.08.2010 upheld the addition under Section 68 of the Act and with regard to the addition under Section

THE COMMISSIONER OF INCOME TAX GULBARGA vs. M/S MANJUNATHA COTTON AND GINNING FACTORY

The appeals are dismissed

ITA/2564/2005HC Karnataka13 Dec 2012

Bench: ARAVIND KUMAR,N.KUMAR

Section 260Section 260A

unexplained investments that can be clearly attributed to concealed income. However, mere 53 addition or estimates made on mere suspicion that there is something wrong with the book entries or their incompleteness, inadvertent omissions, debatable additions or disallowances, cash credits or investments not accepted as genuine, and rejection of a claim of expenses may not be themselves justify a penalty