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 69 r.w.s. 115BBE - Higher rate of tax treating the surrendered income as unexplained investment / income - Amount surrendered during a survey due to stock discrepancies and an excess cash amount. - The Tribunal concluded that since the income from the surrendered stock was from regular business operations, it should not be taxed under the harsher provisions of Section 115BBE. They pointed out that the Assessee's books were audited and no discrepancies other than those already declared were found. Thus, the addition made by the AO under Section 115BBE was overturned.
Addition u/s 69 r.w.s. 115BBE - Higher rate of tax treating the surrendered income as unexplained investment / income - Amount surrendered during a survey due to stock discrepancies and an excess cash amount. - The Tribunal concluded that since the income from the surrendered stock was from regular business operations, it should not be taxed under the harsher provisions of Section 115BBE. They pointed out that the Assessee's books were audited and no discrepancies other than those already declared were found. Thus, the addition made by the AO under Section 115BBE was overturned.
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