PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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Unexplained cash deposits were sustained as additions because the assessee failed to discharge the onus of explaining their source and nature. The record showed continuing inconsistencies between the cash deposits, declared turnover, GST returns and accounting entries, and no reliable reconciliation was produced to link the deposits to alleged client reimbursements and booking advances in the travel business. In the absence of a verifiable explanation, the Tribunal found invocation of unexplained-income treatment and the consequential higher-tax regime justified, and the addition was upheld.
Unexplained cash deposits were sustained as additions because the assessee failed to discharge the onus of explaining their source and nature. The record showed continuing inconsistencies between the cash deposits, declared turnover, GST returns and accounting entries, and no reliable reconciliation was produced to link the deposits to alleged client reimbursements and booking advances in the travel business. In the absence of a verifiable explanation, the Tribunal found invocation of unexplained-income treatment and the consequential higher-tax regime justified, and the addition was upheld.
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