Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
Documentary evidence supporting purchases, including invoices, e-way bills, bank records, KYC documents, transporter details, receipts, photographs and GST returns, was accepted as unrebutted because no discrepancy or fabrication was shown. The Tribunal held that mere suspicion that such material could be manufactured was insufficient, and that alleged bogus purchases and grey-market purchases must be tested on different parameters. Where documentary proof is produced, it can be displaced only by independent enquiry or material showing lower-price availability and inflation of bills. In the absence of such rebuttal, the estimated profit addition for alleged non-genuine purchases was unsustainable and deleted.
Documentary evidence supporting purchases, including invoices, e-way bills, bank records, KYC documents, transporter details, receipts, photographs and GST returns, was accepted as unrebutted because no discrepancy or fabrication was shown. The Tribunal held that mere suspicion that such material could be manufactured was insufficient, and that alleged bogus purchases and grey-market purchases must be tested on different parameters. Where documentary proof is produced, it can be displaced only by independent enquiry or material showing lower-price availability and inflation of bills. In the absence of such rebuttal, the estimated profit addition for alleged non-genuine purchases was unsustainable and deleted.
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