Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Addition u/s 68 - unexplained gifts received from family members - The Appellate Tribunal found that the assessee had provided sufficient evidence to establish the identity, creditworthiness, and genuineness of the gift transactions. Documents such as gift deeds, income tax returns, and bank statements were submitted, demonstrating the legitimacy of the gifts from close family members. Moreover, the Tribunal noted the absence of any contrary evidence presented by the Revenue to challenge the submissions made by the assessee.
Addition u/s 68 - unexplained gifts received from family members - The Appellate Tribunal found that the assessee had provided sufficient evidence to establish the identity, creditworthiness, and genuineness of the gift transactions. Documents such as gift deeds, income tax returns, and bank statements were submitted, demonstrating the legitimacy of the gifts from close family members. Moreover, the Tribunal noted the absence of any contrary evidence presented by the Revenue to challenge the submissions made by the assessee.
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