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...
Deemed income assessment under section 69A was sustained where the AO established that the assessee had introduced and facilitated opening of 9,165 bank accounts and withdrawals from those accounts; the onus rested on the assessee to prove the nature and source of the unexplained amounts and it failed to do so. The Tribunal held ownership of withdrawn amounts as an indicium of income and rejected the CIT(A)'s finding that the assessee was merely a facilitator and not responsible for irregular accounts, thereby confirming additions for the assessment year.
Deemed income assessment under section 69A was sustained where the AO established that the assessee had introduced and facilitated opening of 9,165 bank accounts and withdrawals from those accounts; the onus rested on the assessee to prove the nature and source of the unexplained amounts and it failed to do so. The Tribunal held ownership of withdrawn amounts as an indicium of income and rejected the CIT(A)'s finding that the assessee was merely a facilitator and not responsible for irregular accounts, thereby confirming additions for the assessment year.
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