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...
ITAT allowed the assessee's appeal for exemption u/s 10(23C)(vi) for AY 2017-18, determining that the amendment requiring return filing was not applicable during that assessment year. The tribunal found the department's denial of exemption incorrect, noting the assessee's justification for non-filing could not be effectively controverted. The ITAT directed the Assessing Officer to verify and grant the exemption, effectively overturning the lower authorities' decision and providing relief to the assessee based on the specific temporal applicability of the statutory amendment.
ITAT allowed the assessee's appeal for exemption u/s 10(23C)(vi) for AY 2017-18, determining that the amendment requiring return filing was not applicable during that assessment year. The tribunal found the department's denial of exemption incorrect, noting the assessee's justification for non-filing could not be effectively controverted. The ITAT directed the Assessing Officer to verify and grant the exemption, effectively overturning the lower authorities' decision and providing relief to the assessee based on the specific temporal applicability of the statutory amendment.
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