Topic

telescoping benefit

2 articlesLatest May 2026
Section 69A & 69C Income Tax Act | Only Profit Element in On-Money Receipts Taxable; Telescoping Permitted Against Unexplained Expenditures : ITAT Ahmedabad
Case Law Analysis
|Income Tax Appellate Tribunal

Section 69A & 69C Income Tax Act | Only Profit Element in On-Money Receipts Taxable; Telescoping Permitted Against Unexplained Expenditures : ITAT Ahmedabad

ITAT Ahmedabad rules that only the profit component of on-money receipts is taxable at 15%, while unaccounted expenditures can be offset against such income if sufficient funds exist. The ruling clarifies the scope of taxable income under Sections 69A and 69C, offering relief to taxpayers facing additions for undisclosed transactions.

Section 68 IT Act | ITAT Delhi Permits 50% Telescoping of Unexplained Cash Deposits Against Prior On-Money Receipts in Real Estate : ITAT Delhi
Case Law Analysis
|Income Tax Appellate Tribunal

Section 68 IT Act | ITAT Delhi Permits 50% Telescoping of Unexplained Cash Deposits Against Prior On-Money Receipts in Real Estate : ITAT Delhi

ITAT Delhi allows assessees to set off 50% of unexplained cash deposits against unaccounted on-money receipts from prior years, limiting additions under Section 68. The ruling provides relief to real estate developers facing tax scrutiny for cash transactions, clarifying the scope of telescoping benefits in search assessments.

Continue exploring