Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Disallowance on account of forfeiture of shares warrants - loss claimed by assessee has not been offered to tax by ECL - what will be the tax treatment of the forfeited amount in the hands of ECL is not the concern of the AO whether it is taxable receipt or revenue receipt. The AO has to see the transactions and its effect in the hands of the assessee. - AT
Disallowance on account of forfeiture of shares warrants - loss claimed by assessee has not been offered to tax by ECL - what will be the tax treatment of the forfeited amount in the hands of ECL is not the concern of the AO whether it is taxable receipt or revenue receipt. The AO has to see the transactions and its effect in the hands of the assessee. - AT
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