Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Cash deposit in bank account treated as unexplained income - Agricultural income or not? - The Tribunal found discrepancies in the appellant's claims regarding agricultural income. While accepting that the appellant is an agriculturist, the Tribunal determined that the entire agricultural income claimed by the appellant could not be justified. However, they accepted the explanation regarding cash withdrawals and upheld the addition to the extent of Rs. 2,24,000/-, deleting the remaining amount.
Cash deposit in bank account treated as unexplained income - Agricultural income or not? - The Tribunal found discrepancies in the appellant's claims regarding agricultural income. While accepting that the appellant is an agriculturist, the Tribunal determined that the entire agricultural income claimed by the appellant could not be justified. However, they accepted the explanation regarding cash withdrawals and upheld the addition to the extent of Rs. 2,24,000/-, deleting the remaining amount.
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