Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
Revision under section 263 was quashed because the revising officer failed to record material or a basis to show the AO's assessment was erroneous and prejudicial to revenue; the tribunal found the AO had reasonably treated six funds as equity-oriented (entitling them to taxation under Section 112A) and that the assessee had furnished fund documentation and holding-period evidence. The tribunal also upheld the Assessing Officer's accepted Annual Letting Values for multiple properties where no contrary basis was shown by the reviser, and held penalty initiation lacked requisite material; quash subject to AO verifying purchase cost of the SBI Gold Fund.
Revision under section 263 was quashed because the revising officer failed to record material or a basis to show the AO's assessment was erroneous and prejudicial to revenue; the tribunal found the AO had reasonably treated six funds as equity-oriented (entitling them to taxation under Section 112A) and that the assessee had furnished fund documentation and holding-period evidence. The tribunal also upheld the Assessing Officer's accepted Annual Letting Values for multiple properties where no contrary basis was shown by the reviser, and held penalty initiation lacked requisite material; quash subject to AO verifying purchase cost of the SBI Gold Fund.
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