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...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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HC dismissed the challenge to the ITAT's refusal to admit belated affidavits under Rule 29 of the ITAT Rules, 1963, holding that admission of additional evidence is permissible only where the assessee was prevented by the assessing authority from adducing it earlier. The court found the affidavits to be afterthoughts explaining unexplained income under s.69A and noted prior returns declared the amounts as income; one appellant had been set ex parte and an alleged third-party claim was never advanced at earlier stages. Rejection of the belated evidence was held justified and the ITAT's fact-based orders affirmed.
HC dismissed the challenge to the ITAT's refusal to admit belated affidavits under Rule 29 of the ITAT Rules, 1963, holding that admission of additional evidence is permissible only where the assessee was prevented by the assessing authority from adducing it earlier. The court found the affidavits to be afterthoughts explaining unexplained income under s.69A and noted prior returns declared the amounts as income; one appellant had been set ex parte and an alleged third-party claim was never advanced at earlier stages. Rejection of the belated evidence was held justified and the ITAT's fact-based orders affirmed.
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