Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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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