https://www.taxtmi.com/caselaws?id=60251 Where adverse statements are relied upon to reject an expenditure claim, meaningful opportunity to rebut and cross-examine may require reconsideration by the Assessing Officer. A receipt linked to consultancy and professional activity was treated as business income because the business explanation was considered more probable and no alternative source was shown. An excess bank credit that remained unsatisfactorily explained was sustained as an unexplained investment. The matter thus reflects that procedural fairness can justify remand, income from professional services is assessable under the business head, and unexplained bank deposits remain taxable when no satisfactory source is established. en-us Thu, 09 Apr 2009 00:00:00 +0530 Tue, 05 Nov 2013 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60251 Where adverse statements are relied upon to reject an expenditure claim, meaningful opportunity to rebut and cross-examine may require reconsideration by the Assessing Officer. A receipt linked to consultancy and professional activity was treated as business income because the business explanation was considered more probable and no alternative source was shown. An excess bank credit that remained unsatisfactorily explained was sustained as an unexplained investment. The matter thus reflects that procedural fairness can justify remand, income from professional services is assessable under the business head, and unexplained bank deposits remain taxable when no satisfactory source is established. Case-Laws Income Tax Thu, 09 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60251