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Shri Ambica Garments, Jodhpur,Jodhpur vs Acit, Central Circle-3, Jaipur, Jaipur on 15 October, 2025
cites
Section 153D in The Income Tax Act, 1961 [Entire Act]
Section 69 in The Income Tax Act, 1961 [Entire Act]
Section 69A in The Income Tax Act, 1961 [Entire Act]
Section 69C in The Income Tax Act, 1961 [Entire Act]
Section 145 in The Income Tax Act, 1961 [Entire Act]
Section 153A in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax vs Purshottam Gopalji L.H Of Gopalji ... on 17 December, 2014
21. It is a well-established
established principle of law that opening balances cannot
be added to income u/s 68 of the Act. This provision is specifically
designed to address the issue of unexplained credits in the books of
account for the current financial year, and not for balances carried forward
from previous years. This issue is decided in the case of CIT vs. H.S. Rathi
(2015) 374 ITR 164 (Delhi):