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...
Additional evidence before the first appellate authority was held not to offend Rule 46A where the comparative cash-deposit chart was only a presentation derived from cash book and bank book already on record before the AO, so remand was unnecessary. On the merits, cash deposits made during demonetisation were accepted as explained because the assessee maintained audited books, showed cash balance and business cash flow, and the AO had not rejected the books or produced contrary evidence. The addition under section 69A was therefore unsustainable, and the Revenue's appeal was dismissed.
Additional evidence before the first appellate authority was held not to offend Rule 46A where the comparative cash-deposit chart was only a presentation derived from cash book and bank book already on record before the AO, so remand was unnecessary. On the merits, cash deposits made during demonetisation were accepted as explained because the assessee maintained audited books, showed cash balance and business cash flow, and the AO had not rejected the books or produced contrary evidence. The addition under section 69A was therefore unsustainable, and the Revenue's appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
