ITAT Ahmedabad held that addition towards unexplained cash credit under section 68 of the Income Tax Act not justified since loan transactions were done through banking channels and loans were repaid ...

For businesses taxed on their income at the entity level, most commonly organized as C corporations, the TCJA dramatically ...

With rising medical costs and inflation, the amount that the elderly have to spend every month has been on the rise.

Before ITAT it was argued on behalf of assessee that CIT (A) provided all three opportunity within a short span of 15 days only. Hence, no effective opportunity given to the assessee who is an NRI.