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...
Relief under the salary-arrear relief provision was considered in relation to exemptions for voluntary retirement payments; the tribunal accepted that gratuity, leave encashment, voluntary retirement compensation and arrears may be exempt and that relief under the arrears-relief provision can be claimed in addition to the statutory exemption. Relying on cited precedents, the tribunal remitted the common computation issue to the assessing officer for verification and recalculation of the arrears relief in accordance with law, directing reasonable opportunity to the assessee and allowing the appeals for statistical purposes.
Relief under the salary-arrear relief provision was considered in relation to exemptions for voluntary retirement payments; the tribunal accepted that gratuity, leave encashment, voluntary retirement compensation and arrears may be exempt and that relief under the arrears-relief provision can be claimed in addition to the statutory exemption. Relying on cited precedents, the tribunal remitted the common computation issue to the assessing officer for verification and recalculation of the arrears relief in accordance with law, directing reasonable opportunity to the assessee and allowing the appeals for statistical purposes.
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