Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
RTGS credits received from entities linked to an individual were treated as benami funds routed from demonetised cash, because the transfers followed demonetisation, the appellant had no prior business relationship with those entities, and the oath statement recorded under Section 131 was found admissible and relevant. The appellant's bills, ledger entries, purchase documents and stock records were not accepted as independent proof of genuine bullion sales, while the bank records corroborated receipt from unknown firms. On natural justice, the Tribunal held that no cross-examination issue arose for a person whose statement was not on record, and that no actual prejudice was shown from the failed opportunity to cross-examine the witness. The provisional attachment was sustained and the appeal dismissed.
RTGS credits received from entities linked to an individual were treated as benami funds routed from demonetised cash, because the transfers followed demonetisation, the appellant had no prior business relationship with those entities, and the oath statement recorded under Section 131 was found admissible and relevant. The appellant's bills, ledger entries, purchase documents and stock records were not accepted as independent proof of genuine bullion sales, while the bank records corroborated receipt from unknown firms. On natural justice, the Tribunal held that no cross-examination issue arose for a person whose statement was not on record, and that no actual prejudice was shown from the failed opportunity to cross-examine the witness. The provisional attachment was sustained and the appeal dismissed.
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