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Angadia Cash Transfers and Income Tax: ITAT Ahmedabad Clarifies Rules
Learn how ITAT Ahmedabad ruled that Angadia cash transfers are not entirely taxable as unexplained money, excluding Section 115BBE additions.
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Excess Stock Surrender Taxable as Business Income Normal Rate ITAT Chandigarh
ITAT Chandigarh rules that excess stock surrendered during a tax survey is taxable as business income at normal rates, excluding Sections 69B and 115BBE.
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ITAT Chandigarh Rules Survey Surrender Is Business Income Free From 60% Section 115BBE Tax Rate
ITAT Chandigarh decides that excess cash and stock from surveys qualify as business income, blocking retrospective application of the 60% Section 115BBE rate.
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C&AG Flags Errors in Taxation of Unexplained Transactions – Sections 68 to 69D & 115BBE
Discover how the CAG audit exposes critical gaps in taxing unexplained income and assets under Sections 68 to 69D and 115BBE.
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ITAT Deletes ₹8.66 Lakh Section 69A Addition and Rejects 60% Tax Rate for AY 2017-18
Discover how the Hyderabad ITAT deleted a 8.66 lakh tax addition and rejected the steep 60 percent tax rate under Section 115BBE.