Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
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Unexplained cash deposits during demonetisation were examined on the basis of the assessee's cash book and supporting evidence, and the Tribunal found the cash book unreliable because the opening balance and other entries were not independently substantiated. The assessee failed to prove the source of the deposits, so only part of the cash was accepted as explained, with the balance sustained as unexplained. At the same time, the Tribunal held that the amended higher tax rate under section 115BBE could not be applied to deposits made before 15.12.2016, because the amendment could operate only prospectively for transactions on or after that date. The appeal was partly allowed.
Unexplained cash deposits during demonetisation were examined on the basis of the assessee's cash book and supporting evidence, and the Tribunal found the cash book unreliable because the opening balance and other entries were not independently substantiated. The assessee failed to prove the source of the deposits, so only part of the cash was accepted as explained, with the balance sustained as unexplained. At the same time, the Tribunal held that the amended higher tax rate under section 115BBE could not be applied to deposits made before 15.12.2016, because the amendment could operate only prospectively for transactions on or after that date. The appeal was partly allowed.
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