Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
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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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