Where assessee demonstrated that the alleged investments were made in earlier years and were already recorded in the books of account and reflected in the balance sheets, no addition under section 69 ... Read more..

Where AO made addition under sections 69/69A solely on the basis of excel sheets and statements of third parties without establishing any direct nexus with the assessee and without granting effective ... Read more..

Gold jewellery found during search exceeded the permissible limits under CBDT Instruction No.1916 dated 11-05-1994, the excess value was liable to be added as unexplained income under section 69. Jewe ... Read more..

Where assessee had pre-deposited 10% of the disputed tax and fulfilled all the formalities to sustain the appeal, the case was remitted back to the authorities for reconsideration, subject to depositi ... Read more..

Where the adjudication order was passed without affording any opportunity of personal hearing to assessee and assessee was ready to pay 25% of the disputed tax for granting of one opportunity to prese ... Read more..

Where assessee was involved in the activities of availing fraudulent Input Tax Credit, it was found to be in the interest of justice to relegate him to the statutory appellate remedy available under t ... Read more..

Invalidation of cheque on account of merger with another bank would be a disputed question of fact and would be a probable defence that partners were free to take before Trial Court, they had not file ... Read more..

Scheme of arrangement did not contemplate vacation of attachment or closure of any proceedings filed by authorities under MPID Act as a consequence to approval of the scheme, the appellants did not me ... Read more..

Petitioners raised defence that no transaction of sale of jewellery ever took place and cheque was misused, but the same was not supported by any credible evidence, petitioners had not filed any evide ... Read more..