Constitutional personal-liberty safeguards limit PMLA twin bail conditions where completed investigations lead to prolonged incarceration before trial...
Automated airline software subscriptions without human intervention fail technical-services characterisation and do not make available underlying tech...
Business support recruitment and training receipts qualify for presumptive business taxation, not professional taxation under technical consultancy ru...
Treaty exemption for foreign permanent-establishment management fees prevailed, while dividend expense disallowance remained limited to an accepted al...
Centralised assessment transfers: participation after requesting centralisation can bar technical jurisdictional challenges, while assessment disputes...
Binding precedent remains operative despite pending challenge, supporting deletion of interest disallowance when debt is converted into preference sha...
Jewellery claimed as streedhan, customary family holdings and marriage gifts cannot be treated as unexplained solely through an ad hoc addition where family ownership is supported by affidavits and photographs, the family's status and past income are relevant, and no Revenue valuation exists. Jewellery accumulated in earlier years need not correlate with income declared for the relevant year, and married daughters may lawfully keep jewellery at their parental home. Cash found in a search is not unexplained where bank records establish sufficient withdrawals by the individual and family members. On these grounds, additions for jewellery and cash were deleted.
Jewellery claimed as streedhan, customary family holdings and marriage gifts cannot be treated as unexplained solely through an ad hoc addition where family ownership is supported by affidavits and photographs, the family's status and past income are relevant, and no Revenue valuation exists. Jewellery accumulated in earlier years need not correlate with income declared for the relevant year, and married daughters may lawfully keep jewellery at their parental home. Cash found in a search is not unexplained where bank records establish sufficient withdrawals by the individual and family members. On these grounds, additions for jewellery and cash were deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4907 
