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2 results for “section 68”+ Cash Depositclear

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Key Topics

Section 682Addition 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

cash and investments were transferred through Sauvingnon Holdings Ltd. to the India Trust whose settler is again the assessee. Therefore, transactions in Account No.11276695 having not been confirmed was held to be the amounts belonging to the assessee and he had failed to discharge the onus both at the stage of assessment as well as in the course of present

PR COMMISSIONER OF INCOME TAX vs. MS GOBIND DHAM RENEWABLE ENERGY PVT LTD

ITA/111/2024HC Punjab & Haryana04 Dec 2024

Bench: The Revenue Authorities Related To Source Of Source. In Our Considered View The Assessee Submitted Pan, Returns Of Income, Audited Financial Statements, Transactions Through Banking Channels. The Ld. Ar Invited Our Attention To The Jawala Ram 2024.12.10 17:53 I Attest To The Accuracy & Authenticity Of This Document

Section 68

cash deposits in any of the bank account of the share applicants. Attention was also invited to the explanation furnished by each of the share applicants regarding their source of funds. It was thus submitted that the fund flow position of the party, BREPL and not the profitability was the decisive criteria to examine the creditworthiness of the creditor