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Income Tax News, Judgments, Act, Analysis, Tax Planning, Advisory, E filing of returns, CA Students

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Section 68

unexplained investments
News 

The Important Highlights Of The Anil Chhaganlal vs. ACIT Case

May 24, 2017May 24, 2017 Rebecca Ghomes Anil Chhaganlal vs. ACIT, M/s Encee Securities Pvt. Ltd, Section 68, the case of Anil Chhaganlal vs. ACIT, the important highlights of the Anil Chhaganlal vs. ACIT case, verdict of Anil Chhaganlal vs. ACIT case

The Case of Anil Chhaganlal vs. ACIT was held in ITAT Mumbai. It falls under the Section 68 of the

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High Share Premium that defies Commercial Prudence is not Unexplained Cash Credit where identity of payers is disclosed
Income Tax 

Receipt of share premium can’t be assessed as unexplained credit where the transaction, identity of the payer and capacity of the subscriber are genuine

February 7, 2017 Sourav income from other sources, profits and gains of business & profession, Section 68, share premium, unexplained cash credit, unexplained credit

As per section 68 of the Income Tax Act, if the shares are issued at the premium which defies commercial

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Unexplained Cash Credit under section 68
Income Tax 

Digging deeper into unexplained cash credit as per provisions of Section 68

January 8, 2017 Rebecca Ghomes details on section 68, Section 68, section 68 exclusion, unexplained cash credit

It is a strange world nowadays where even corruption carries creativity with innovative tax evasion techniques cropping up every other

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Addition under section 68
Income Tax 

No addition under section 68 if one can prove the authenticity of a transaction

January 5, 2017January 5, 2017 Manager Addition to Income, Addition under Section 68, Genuine Transaction, Income Tax, Section 68, section 68 Judgment

Prove Authenticity of Transaction to avoid Addition under Section 68 The Delhi High Court in the case of Commissioner of

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Taxed as Undisclosed Income
Income Tax 

Tax Rates on undisclosed income sky rocketing at 82.5%- Tax Planning and not Tax evasion need of the hour

December 17, 2016January 12, 2017 Sourav cncealment penalty, concealed income, Section 68, Section 69, undisclosed income

If you have got any credit in Bank account, that may not necessarily be an explained income. In some cases

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Income Tax 

Section 115BBE and 68: Taxation of unexplained income

November 13, 2016 Sourav Section 115BBE, Section 68, taxation of unexplained income, undisclosed income, unexplained money

Here in this blog, we try to highlight the unrecognized Section 115BBE of the Income-tax Act, which was applicable from

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