Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Penalty under Section 271DA was quashed because it rested on seized digital material and an alleged hawala token that had already been found inadmissible in the connected group case; once that electronic material could not validly support factual findings, it could not sustain the penalty. The Tribunal also held that the underlying transaction was a loan transaction and, if at all, fell within Section 269SS rather than Section 269ST. Since Section 269ST excludes transactions covered by Section 269SS, the penalty premised on Section 269ST was not legally tenable.
Penalty under Section 271DA was quashed because it rested on seized digital material and an alleged hawala token that had already been found inadmissible in the connected group case; once that electronic material could not validly support factual findings, it could not sustain the penalty. The Tribunal also held that the underlying transaction was a loan transaction and, if at all, fell within Section 269SS rather than Section 269ST. Since Section 269ST excludes transactions covered by Section 269SS, the penalty premised on Section 269ST was not legally tenable.
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