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2 results for “section 68”+ Business Incomeclear

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Key Topics

Addition to Income2

PR. COMMISSIONER OF INCOME TAX-I, JALANDHAR vs. JOGINDER SINGH CHATHA

ITA/25/2023HC Punjab & Haryana07 Nov 2023

Bench: MR. JUSTICE GURMEET SINGH SANDHAWALIA,MS. JUSTICE HARPREET KAUR JEEWAN

Section 260A

68. Cash credits.—Where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of the [Assessing Officer], satisfactory, the sum so credited may be charged to income

RANJIT SINGH GHUMAN vs. C I T

ITA/216/2007HC Punjab & Haryana17 May 2024

Bench: The Revenue Authorities That A Sum Of ` 5,00,000/- Was Still Due To Be Paid & Varinder Singh 2024.05.21 13:43 I Attest To The Accuracy & Authencity Of This Order/Judgment

Section 158

Section 158 BC (c) on 26.02.2002 by the CIT, Jalandhar and while making other VARINDER SINGH 2024.05.21 13:43 I attest to the accuracy and authencity of this order/judgment ITA No. 216 of 2007 -3- additions, ` 5,00,000/- have been added as undisclosed investment made to acquire the rights of his sister-in-law in the family property. Total