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...
Addition for unexplained investment could not stand where it rested only on third-party statements and seized material from another group entity, without any independent corroborative evidence linking the assessee to payment of on-money. The Tribunal also noted that denial of cross-examination when such third-party statements are relied upon vitiates the addition in natural justice terms. Following co-ordinate Bench decisions on identical facts involving the same group, it deleted the addition under section 69 and allowed the assessee's appeals for the relevant years.
Addition for unexplained investment could not stand where it rested only on third-party statements and seized material from another group entity, without any independent corroborative evidence linking the assessee to payment of on-money. The Tribunal also noted that denial of cross-examination when such third-party statements are relied upon vitiates the addition in natural justice terms. Following co-ordinate Bench decisions on identical facts involving the same group, it deleted the addition under section 69 and allowed the assessee's appeals for the relevant years.
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