Mis-declaration and Concealment: confiscation affirmed, transaction value re-determined and mandatory penalty sustained; redemption allowed on payment...
Infrastructure facility: energy-efficient public lighting held integral to road projects, qualifying the operator as a developer and eligible for dedu...
Fourth Proviso to Section 153A: extended-period inquiry requires a reasonable, material-based satisfaction that escaped income likely exceeds the thre...
Payment received under an employer's ERS/VRS scheme, being ex gratia compensation on cessation of employment and not shown to arise from any enforceable obligation for termination, was held not taxable as profits in lieu of salary under section 17(3)(i). Following its earlier decision on similar facts, the Tribunal found no contrary material from the Revenue and held that the addition sustained by the appellate authority was unsustainable. The addition was directed to be deleted.
Payment received under an employer's ERS/VRS scheme, being ex gratia compensation on cessation of employment and not shown to arise from any enforceable obligation for termination, was held not taxable as profits in lieu of salary under section 17(3)(i). Following its earlier decision on similar facts, the Tribunal found no contrary material from the Revenue and held that the addition sustained by the appellate authority was unsustainable. The addition was directed to be deleted.
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