Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Remittances received by an NRE account holder from non-resident relatives through banking channels, where NRE status and compliance with RBI guidelines are undisputed, were treated as exempt income not includible in total income. Funds credited to NRE accounts were regarded as beyond tax authorities' reach regarding their foreign source. Applying prior High Court rulings, the Tribunal's deletion of additions for unexplained investment and unexplained cash credits under sections 69 and 68 was sustained, and the Revenue's challenge was rejected because no substantial question of law arose.
Remittances received by an NRE account holder from non-resident relatives through banking channels, where NRE status and compliance with RBI guidelines are undisputed, were treated as exempt income not includible in total income. Funds credited to NRE accounts were regarded as beyond tax authorities' reach regarding their foreign source. Applying prior High Court rulings, the Tribunal's deletion of additions for unexplained investment and unexplained cash credits under sections 69 and 68 was sustained, and the Revenue's challenge was rejected because no substantial question of law arose.
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