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...
Addition u/s. 69A - unexplained cash deposits in the bank account - The Tribunal found the explanation provided by the assessee regarding the sale consideration for real estate transactions to be credible, especially considering the stamp paper in the purchaser's name and the nature of the assessee's business. - However, discrepancies were noted in the explanation provided for loan proceeds, leading to the Tribunal upholding a portion of the addition as unexplained. - In conclusion, the Tribunal partly allowed the assessee's appeal, directing the deletion of a significant portion of the addition while upholding a portion as unexplained.
Addition u/s. 69A - unexplained cash deposits in the bank account - The Tribunal found the explanation provided by the assessee regarding the sale consideration for real estate transactions to be credible, especially considering the stamp paper in the purchaser's name and the nature of the assessee's business. - However, discrepancies were noted in the explanation provided for loan proceeds, leading to the Tribunal upholding a portion of the addition as unexplained. - In conclusion, the Tribunal partly allowed the assessee's appeal, directing the deletion of a significant portion of the addition while upholding a portion as unexplained.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
