COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

The appeals are allowed

Bench: N.KUMAR,H.S.KEMPANNA

unexplained cash credits being the consideration for disallowing the assessee’s claim on its loss merely on - 31 - the ground that either the diamonds were not there or the assesee had ploughed back its unaccounted money

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

The appeals are allowed

Bench: N.KUMAR,H.S.KEMPANNA

unexplained cash credits being the consideration for disallowing the assessee’s claim on its loss merely on - 31 - the ground that either the diamonds were not there or the assesee had ploughed back its unaccounted money

COMMISSIONER OF INCOME TAX vs. S.PARVATHI MADHAVA

The appeals are allowed

Bench: N.KUMAR,H.S.KEMPANNA

unexplained cash credits being the consideration for disallowing the assessee’s claim on its loss merely on - 31 - the ground that either the diamonds were not there or the assesee had ploughed back its unaccounted money

THE DEPUTY COMMISSIONER OF INCOME TAX vs. SRI. R. CHARUCHANDRA

Appeal is hereby dismissed

Bench: ARAVIND KUMAR,B.A.PATIL

disallowed certain claims made by the assessee or in other words, added the following: 4 “Add: (i) Undisclosed investment in Money lending as discussed in Para 4 above. - ` 35,50,00 (ii) Unexplained

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

Bench: S.SUJATHA,VINEET KOTHARI

unexplained income of the Assessee under Section 69- A of the Act, a different provision. In the appeal filed before the High Court, the Division Bench of the Allahabad High Court held in para-15 that the use of Date of Judgment :23-07-2018 I.T.A.No.512/2017 M/s. Fidelity Business Services India Pvt. Ltd., Vs. Assistant Commissioner of Income