Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Eligibility of exemption u/s 80P(2)(a)(i) or u/s 80P(2)(d) - interest income earned from cooperative banks - The Appellate Tribunal reviewed conflicting judicial opinions on the matter and referenced precedents from various High Courts. Ultimately, it aligned with decisions favoring the eligibility of such interest income for exemption, notably following the Karnataka High Court's interpretation. Consequently, the Tribunal directed the Assessing Officer to allow the exemption under the relevant sections of the Act, thereby ruling in favor of the appellant.
Eligibility of exemption u/s 80P(2)(a)(i) or u/s 80P(2)(d) - interest income earned from cooperative banks - The Appellate Tribunal reviewed conflicting judicial opinions on the matter and referenced precedents from various High Courts. Ultimately, it aligned with decisions favoring the eligibility of such interest income for exemption, notably following the Karnataka High Court's interpretation. Consequently, the Tribunal directed the Assessing Officer to allow the exemption under the relevant sections of the Act, thereby ruling in favor of the appellant.
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