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...
Revision u/s 263 - unexplained expenditure - Though the policy adopted by the assessee is not at par with the settled accounting policies since the cash is entered in the books without actually receiving the cash, however, going through the flow of the transactions we find that this is in the nature of sales reversal - it is merely a sales reversal entry and not a case of unexplained expenditure - no prejudice is caused to the Revenue due to this accounting system consistently followed by the assessee - AT
Revision u/s 263 - unexplained expenditure - Though the policy adopted by the assessee is not at par with the settled accounting policies since the cash is entered in the books without actually receiving the cash, however, going through the flow of the transactions we find that this is in the nature of sales reversal - it is merely a sales reversal entry and not a case of unexplained expenditure - no prejudice is caused to the Revenue due to this accounting system consistently followed by the assessee - AT
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