Bhopal) u/s 68 of
the Act, as unexplained cash credit wrongly treating the same as
undisclosed income.
2. Notice issued u/s 153A ... u/s 68 of the Act and Rs. 37,27,790/- u/s
69C of the Act.
6. That on facts and circumstances
books of accounts U/S 145 of the
Act and assessed additional income as cash credit U/S 68 of the Act by accepting
sales ... society who was
granted registration U/S 12AA of the Act and it was also
approved U/S 80G. Donations were received by the society
already been treated as
application U/s 11 and 12 of
the Income Tax Act .
The additions u/s 68 as regards to the unsecured ... honour will find that the Ld.
assessing officer has made addition U/s 68 in the
case of the assessee in respect of Unsecured
Loans
ground No.1 of each of three
appeals relates to addition u/s 68 of the Act for unexplained
share application money ... s. Frolic Reality Private Limited at
Rs.48,50,000/- and therefore, in our considered view no
addition was called for u/s 68
upheld the deletion
of additions of unsecured loans received from M/s. K.K. Patel Finance made
u/s 68 ... year under consideration. Hence, the
addition of Rs. 1,52,01,936/- (total addition made u/s 68
u/s 10(38) of the Act and whether the Ld. CIT(A)
was justified in confirming the addition of alleged LTCG
u/s 68 ... credit u/s 68 of the Act and accordingly he added
Rs.28,47,833/- and denied the benefit of exemption u/s
assessee filed returns u/s 153A for A.Ys 2010-11 to 2015-16 on 28.08.2016.
The return u/s 153A for the year under ... merits of the addition become academic and are not required to be adjudicated. As
a result the addition made u/s 68
upholding the
validity of issuance of Notice u/s 148 and initiation of
reassessment proceedings u/s 147 of the Income ... 2016
validity of issuance of Notice u/s 148 and initiation of
reassessment proceedings u/s 147 of the Income-Tax Act,
1961.
2 That
books of accounts U/S 145 of the
Act and assessed additional income as cash credit U/S 68 of the Act by accepting
sales ... profit
treated as cash credit U/S 680fl TAct Rs. 6, 47, 03,548/-.
Addition so made U/S 68 of the Act is challenged
notice u/s 131(1) of the Act was also not complied.
Therefore, the AO was right in making the addition u/s 68 ... added u/s 68 . Also, there are various judicial
decisions which clearly state that the opening balances cannot be added
u/s 68
