S. 69A : Unexplained money-Non-resident-Books of account not maintained-Transfer to NRO account-Only source of income in India is from interest on bank account and interest on income tax refund and he was not obliged to maintain any books of account in India-Order of Tribunal deleting the addition is affirmed. [S. 260A]
S. 69 : Unexplained investments-Search and seizure-Jewellery-Painting-Wrist watches-Considering the income shown by the assessee and family-Tribunal deleted the addition-High Court affirmed the order of the Tribunal.[S. 132, 260A]
S. 68 : Cash credits-Sale of gifted jewellery-Order of Tribunal confirming the addition is deleted-Method of accounting-Ad hoc addition-Order of Tribunal is set aside. [S.145 260A]
S. 68 : Cash credits-Un secured loan from Magunta exports-Return showing nil income-Order of CIT(A) confirming the addition is set aside-Matter remanded to the file of the CIT(A). [S. 115BBE, 250, Art.226]
S. 68 : Cash credits- Loan from minor sons-Source explained as gift-Brothers have stated that they have not given gift-Addition is affirmed by High Court-SLP dismissed.[Art. 136]
S. 56 : Income from other sources-Interest free deposit-Development agreement-Proposal to tax as revenue receipt-On writ court directed the Revenue to drop the proceeding. [S. 143(3), Art. 226]
S. 44BB : Mineral oils-Computation-Presumptive tax-Non-resident-Service tax collected-Not includible in gross receipt-Order of High Court is affirmed-SLP of Revenue is dismissed. [S. 44BB(2)]
S. 40(a)(ia) : Amounts not deductible-Deduction at source-Real employer of seconded employees was Indian entity-Disallowance is not justified-SLP of Revenue is dismissed. [S. 192, 195, Art. 136]
S. 40(a)(ia) : Amounts not deductible-Deduction at source-Payment made to DTC-Payee had reflected the amount in its return-High Court dismissed the appeal of the Revenue-SLP of Revenue is dismissed.[Art. 136]
S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Royalty-Fes for technical services-Addition deleted by Tribunal-Notice issued under section 201 is set aside.[S.9(1)(vi),201, Art. 226]