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...
ITAT adjudicated a tax dispute involving undeclared cash sales and demonetized currency (SBN). The tribunal partially sustained the tax addition, finding the assessee unable to substantiate complete cash sales documentation. While acknowledging prior tax declarations on cash sales, the tribunal rejected total taxation of cash deposits. Critically, the tribunal determined that section 69A provisions were inapplicable, consequently rendering section 115BBE tax provisions ineffective. The appellate ruling ultimately favored the assessee, allowing their appeal and partially deleting the proposed tax assessment, thereby providing significant relief against excessive taxation of unsubstantiated cash transactions.
ITAT adjudicated a tax dispute involving undeclared cash sales and demonetized currency (SBN). The tribunal partially sustained the tax addition, finding the assessee unable to substantiate complete cash sales documentation. While acknowledging prior tax declarations on cash sales, the tribunal rejected total taxation of cash deposits. Critically, the tribunal determined that section 69A provisions were inapplicable, consequently rendering section 115BBE tax provisions ineffective. The appellate ruling ultimately favored the assessee, allowing their appeal and partially deleting the proposed tax assessment, thereby providing significant relief against excessive taxation of unsubstantiated cash transactions.
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