Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Addition on account of foreign currency found during the course of search - unaccounted income - The ITAT observed that no grounds to interfere with the CIT(A)'s findings. Despite acknowledging the possibility of the currency being remnants of business trips, the onus remained on the assessee to furnish conclusive evidence, which was not adequately provided. Consequently, the appeal of the assessee was dismissed.
Addition on account of foreign currency found during the course of search - unaccounted income - The ITAT observed that no grounds to interfere with the CIT(A)'s findings. Despite acknowledging the possibility of the currency being remnants of business trips, the onus remained on the assessee to furnish conclusive evidence, which was not adequately provided. Consequently, the appeal of the assessee was dismissed.
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