Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Attachment of Pre Offence Mortgaged Property remains possible under PMLA; secured creditors may pursue statutory claim and seek auction with undertaki...
Unexplained jewellery could not be added where the assessee produced a detailed break-up of ornaments, family-wise allocation, affidavits for gifts on marriage and other occasions, supporting bills, and bank withdrawals showing purchases. CBDT Instruction No. 1916 and the precedent in Vibhu Aggarwal were applied to recognise reasonable family holding of jewellery having regard to status, customs, and customary occasions, so the Assessing Officer's addition was deleted.
Unexplained jewellery could not be added where the assessee produced a detailed break-up of ornaments, family-wise allocation, affidavits for gifts on marriage and other occasions, supporting bills, and bank withdrawals showing purchases. CBDT Instruction No. 1916 and the precedent in Vibhu Aggarwal were applied to recognise reasonable family holding of jewellery having regard to status, customs, and customary occasions, so the Assessing Officer's addition was deleted.
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