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 remanded the case back to the Assessing Officer with specific directions to re-evaluate multiple tax-related issues. The Tribunal set aside the CIT(A)'s order and penalty u/s 271(1)(c), directing a fresh adjudication considering additional evidence submitted by the Assessee. Key aspects include reassessment of unexplained foreign asset investments, long-term capital gains, and interest income previously taxed in the father's hands. The Tribunal emphasized procedural compliance with Rule 46A of IT Rules and recommended a comprehensive review of Assessment Years 1997-1998 and 2008-2009, ensuring proper evaluation of documentary evidence and income sources before making final tax determinations.
ITAT remanded the case back to the Assessing Officer with specific directions to re-evaluate multiple tax-related issues. The Tribunal set aside the CIT(A)'s order and penalty u/s 271(1)(c), directing a fresh adjudication considering additional evidence submitted by the Assessee. Key aspects include reassessment of unexplained foreign asset investments, long-term capital gains, and interest income previously taxed in the father's hands. The Tribunal emphasized procedural compliance with Rule 46A of IT Rules and recommended a comprehensive review of Assessment Years 1997-1998 and 2008-2009, ensuring proper evaluation of documentary evidence and income sources before making final tax determinations.
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