Limitation period commencement and procedural inquiry rules: identity-based limitation upheld; complaints by authorised public servants need not attra...
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...
Addition for unexplained expenditure on alleged bogus purchases was deleted because the books of account were not rejected and there was no tangible material showing that the purchases were inflated, bogus or otherwise unexplained. The assessee had produced primary records, including books, stock and purchase registers, bank statements, import documents and supplier ledgers, and the department did not discredit the quantitative or banking evidence; an ad hoc percentage disallowance could not replace proof. On the TDS mismatch issue arising from Form 26AS discrepancies, the direction to verify the assessee's claim of revised TDS returns and delete the addition if supported was upheld.
Addition for unexplained expenditure on alleged bogus purchases was deleted because the books of account were not rejected and there was no tangible material showing that the purchases were inflated, bogus or otherwise unexplained. The assessee had produced primary records, including books, stock and purchase registers, bank statements, import documents and supplier ledgers, and the department did not discredit the quantitative or banking evidence; an ad hoc percentage disallowance could not replace proof. On the TDS mismatch issue arising from Form 26AS discrepancies, the direction to verify the assessee's claim of revised TDS returns and delete the addition if supported was upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
