Search and seizure: abatement of earlier search bars use of prior seized material in later search-based assessments; relief limited to new documents f...
Admission of additional evidence under remand rules must await a meaningful remand report; failure to do so breaches natural justice and mandates rema...
Export Obligation Discharge Certificates for EPCG compliance cannot be questioned by Customs unless DGFT adjudicates and cancels them, so demands quas...
Page of 4811
Press 'Enter' after typing page number.
6561 to 6580 of 96208 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Deductibility of expenditure for settlement of proceedings under...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds positions
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Deductibility of expenditure for settlement of proceedings under securities law: Tribunal applied CBDT Notification No.38/2025 to hold that settlement payments or penalties relating to contraventions under specified laws are not allowable as business expenditure under the Income Tax Act from AY 202526; however, because the assessment year before the Tribunal is AY 201718 the departmental proposition met no interference and the ground failed. Unexplained cash credits under the deeming provision: Tribunal found the lender's financials show genuine sharetrading revenue and no proximate connection to an entry operator, so the addition under unexplained cash credits was deleted; revenue's appeal dismissed.
Deductibility of expenditure for settlement of proceedings under securities law: Tribunal applied CBDT Notification No.38/2025 to hold that settlement payments or penalties relating to contraventions under specified laws are not allowable as business expenditure under the Income Tax Act from AY 202526; however, because the assessment year before the Tribunal is AY 201718 the departmental proposition met no interference and the ground failed. Unexplained cash credits under the deeming provision: Tribunal found the lender's financials show genuine sharetrading revenue and no proximate connection to an entry operator, so the addition under unexplained cash credits was deleted; revenue's appeal dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
