Tag Archives: Section 69

Assessee could not prove link of cash withdrawn from bank with cash deposit , Sec 69 Addition upheld

By | May 30, 2017

Held The withdrawals have been found to be subsequently redeposited after a gap of two or three months which is not probable. The assessee therefore we find has not been able to link the cash withdrawn from the bank with cash deposit we therefore uphold the order of the learned CIT(A) treating the cash deposit… Read More »

Cash commission paid to doctors for referring patients to hospitals disallowed by HC

By | November 26, 2016

HIGH COURT OF PUNJAB AND HARYANA Commissioner of Income-tax-2, Chandigarh v. International Institute of Neuro Sciences & Oncology Ltd. S. J. VAZIFDAR, CJ. AND DEEPAK SIBAL, J. IT APPEAL NO. 76 OF 2015 (O & M) SEPTEMBER  9, 2016 Facts of the Case The assessee had been paying commission to various Doctors for referring the… Read More »

Cash deposits in saving bank account held as unexplained

By | July 24, 2015

Cash deposits in saving bank account held as unexplained as assessee failed to prove source of deposits. HIGH COURT OF CALCUTTA Sushil Modi v. Commissioner of Income-tax, Central-II GIRISH CHANDRA GUPTA AND ARINDAM SINHA, JJ. IT APPEAL NO.52 OF 2003 APRIL  1, 2015 Section 69 of the Income-tax Act, 1961 – Unexplained investment (Deposits) – Block… Read More »