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 of cash deposits u/s 68 - abnormal sales reported by the assessee during demonetized period - The Tribunal found no merit in the Revenue's argument that the sales were abnormal, highlighting that no concrete evidence was presented to substantiate the claim of unaccounted money being introduced as sales. Furthermore, the Tribunal noted the impossibility of producing CCTV footage as demanded by the Revenue, years after the transactions took place. Based on the thorough documentation provided by the assessee, the Tribunal ruled that the cash deposits were sourced from legitimate sales proceeds.
Addition of cash deposits u/s 68 - abnormal sales reported by the assessee during demonetized period - The Tribunal found no merit in the Revenue's argument that the sales were abnormal, highlighting that no concrete evidence was presented to substantiate the claim of unaccounted money being introduced as sales. Furthermore, the Tribunal noted the impossibility of producing CCTV footage as demanded by the Revenue, years after the transactions took place. Based on the thorough documentation provided by the assessee, the Tribunal ruled that the cash deposits were sourced from legitimate sales proceeds.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
