#unexplained income

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Jan 30, 2026 • 06:00 PM

Interest Expense Cannot Be Disallowed If Underlying Loan Genuineness Already Established | Income Tax Act, Section 36(1)(iii) & 69A : Income Tax Appellate Tribunal

ITAT Delhi holds that once loan genuineness is accepted in prior years, interest on carry-forward loans cannot be disallowed under Section 36(1)(iii) or treated as unexplained income under Section 69A.

Cash Deposits From Maintained Cash Book Not Taxable Under Section 68 | Demonetization Context : Income Tax Appellate Tribunal

Case Law Analysis

Jan 29, 2026 • 01:10 AM

Cash Deposits From Maintained Cash Book Not Taxable Under Section 68 | Demonetization Context : Income Tax Appellate Tribunal

ITAT Kolkata holds that cash deposits during demonetization from verified cash books cannot be taxed under Section 68 without evidence of unexplained income.

Section 69A Income Tax Act | Unexplained Gold Valuation Must Reflect Actual Cost, Not Market Rate : Income Tax Appellate Tribunal

Case Law Analysis

Jan 22, 2026 • 04:51 PM

Section 69A Income Tax Act | Unexplained Gold Valuation Must Reflect Actual Cost, Not Market Rate : Income Tax Appellate Tribunal

ITAT holds that unexplained gold under Section 69A must be valued at the assessee's actual cost price, not customs or market rate, setting a precedent for asset valuation in income tax assessments.

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#unexplained income

Interest Expense Cannot Be Disallowed If Underlying Loan Genuineness Already Established | Income Tax Act, Section 36(1)(iii) & 69A : Income Tax Appellate Tribunal

Cash Deposits From Maintained Cash Book Not Taxable Under Section 68 | Demonetization Context : Income Tax Appellate Tribunal

Section 69A Income Tax Act | Unexplained Gold Valuation Must Reflect Actual Cost, Not Market Rate : Income Tax Appellate Tribunal

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