From the figure of prosecution complaints filed and pendency of compounding applications reported in respect of your region till Jan,2017, I find that performance in this area is not upto the mark.
The Internal Revenue Service today warned taxpayers to watch out for fake emails or websites looking to steal personal information. These “phishing” schemes continue to be on the annual IRS list of Dirty Dozen tax scams for the 2017 filing season.
The withdrawals have been found to be subsequently redeposited after a gap of two or three months which is not probable. The assessee therefore we find has not been able to link the cash withdrawn from the bank with cash deposit we therefore uphold the order of the learned CIT(A) treating the cash deposit of Rs. 14,20,212/- as unexplained income of the assessee.
Constructive as per its dictionary meaning it is something which is not obvious or stated explicitly and it perhaps could be derived by inference (presumptions) and the word Obligation means a duty or commitment.
At present, Re 1/- revenue stamp has to be affixed on claim forms by members for settlement of claims. The issue of continued practice of affixing of Re 1/- Revenue Stamp on claim forms has been examined in consultation with the Ministry of Law & It has been advised that while making payments through National Electronic Funds Transfer (NEFT), no revenue stamp would be required to be affixed on submission of claim forms by the members.
