Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The AT allowed the appeals, modified the impugned confirmation of a provisional attachment order and granted condonation of delay, holding appellants to be bona fide purchasers without collusion with vendors. The Tribunal found the Respondent negligent in failing to give requisite public notice, affix conspicuous notice or take physical possession post-confirmation, and noncompliant with procedural Rules governing possession and publication, thereby prejudicing subsequent purchasers and third-party lenders. In consequence, the limitation period was extended under Section 14 principles from date of appellants' knowledge, both contested issues were decided for the appellants, and the Adjudicating Authority's order was set aside insofar as it affected the appellants' transactions.
The AT allowed the appeals, modified the impugned confirmation of a provisional attachment order and granted condonation of delay, holding appellants to be bona fide purchasers without collusion with vendors. The Tribunal found the Respondent negligent in failing to give requisite public notice, affix conspicuous notice or take physical possession post-confirmation, and noncompliant with procedural Rules governing possession and publication, thereby prejudicing subsequent purchasers and third-party lenders. In consequence, the limitation period was extended under Section 14 principles from date of appellants' knowledge, both contested issues were decided for the appellants, and the Adjudicating Authority's order was set aside insofar as it affected the appellants' transactions.
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