Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
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...
In search assessment under section 153A, an estimated commission addition was unsustainable because only copies of registered sale deeds were found, and no incriminating material showed brokerage activity or receipt of commission; the Tribunal held the addition was based only on assumption and presumption and affirmed its deletion. A protective addition for alleged cash expenditure also failed because the seized documents were owned up by another person, supported by affidavit, and had already been considered in settlement proceedings; once no further addition was called for on those documents, the protective basis disappeared. The Tribunal dismissed the Revenue's appeal and upheld deletion of both additions.
In search assessment under section 153A, an estimated commission addition was unsustainable because only copies of registered sale deeds were found, and no incriminating material showed brokerage activity or receipt of commission; the Tribunal held the addition was based only on assumption and presumption and affirmed its deletion. A protective addition for alleged cash expenditure also failed because the seized documents were owned up by another person, supported by affidavit, and had already been considered in settlement proceedings; once no further addition was called for on those documents, the protective basis disappeared. The Tribunal dismissed the Revenue's appeal and upheld deletion of both additions.
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