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...
An adjustment under section 143(1)(a) disallowing employees' provident fund contribution was impermissible because, on the date of intimation, the issue was debatable and governed by binding jurisdictional High Court precedent favouring the assessee. The Tribunal held that CPC must test the legality of a prima facie adjustment with reference to the law prevailing at that time, and a later Supreme Court ruling could not justify the adjustment retrospectively. Reliance on a non-jurisdictional High Court decision did not override the prevailing jurisdictional position. The disallowance was deleted and the assessee's claim was allowed.
An adjustment under section 143(1)(a) disallowing employees' provident fund contribution was impermissible because, on the date of intimation, the issue was debatable and governed by binding jurisdictional High Court precedent favouring the assessee. The Tribunal held that CPC must test the legality of a prima facie adjustment with reference to the law prevailing at that time, and a later Supreme Court ruling could not justify the adjustment retrospectively. Reliance on a non-jurisdictional High Court decision did not override the prevailing jurisdictional position. The disallowance was deleted and the assessee's claim was allowed.
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