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...
Transfer of property deemed as short-term capital gain due to holding period less than 36 months, disallowing deduction u/s 54F. Additions for difference in commission payment and closing balances of parties deleted as TDS deducted and reasons for difference found reasonable. Cash freight payment disallowed u/s 40A(3). Additions for sales tax payment, penalty, and difference in sales tax turnover upheld. Cash deposits treated as unexplained credits u/s 68 due to lack of evidence regarding source and creditworthiness of parties. Partly allowed assessee's appeal.
Transfer of property deemed as short-term capital gain due to holding period less than 36 months, disallowing deduction u/s 54F. Additions for difference in commission payment and closing balances of parties deleted as TDS deducted and reasons for difference found reasonable. Cash freight payment disallowed u/s 40A(3). Additions for sales tax payment, penalty, and difference in sales tax turnover upheld. Cash deposits treated as unexplained credits u/s 68 due to lack of evidence regarding source and creditworthiness of parties. Partly allowed assessee's appeal.
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