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...
Rejection of the books of accounts - best judgment assessment u/s 144 - addition of the sales made in cash on account of unexplained cash credit u/s 68 - While the rejection of books of accounts was upheld, the tribunal disagreed with the addition of unexplained cash credit under section 68, emphasizing the necessity for a fair and scientific estimation of income. They directed the Assessing Officer to delete the addition made under section 68, highlighting inconsistencies in the assessment process.
Rejection of the books of accounts - best judgment assessment u/s 144 - addition of the sales made in cash on account of unexplained cash credit u/s 68 - While the rejection of books of accounts was upheld, the tribunal disagreed with the addition of unexplained cash credit under section 68, emphasizing the necessity for a fair and scientific estimation of income. They directed the Assessing Officer to delete the addition made under section 68, highlighting inconsistencies in the assessment process.
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