Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Mechanical approval for search assessments under section 153D was held invalid where the sanction was consolidated, year-neutral and showed no application of mind, so the assessments were quashed as void ab initio. Completed years could not be reopened under section 153A in the absence of incriminating material. Where the Revenue relied on documents from a third party's search, the mandatory section 153C route had to be followed, and assessments framed without it were without jurisdiction. The Tribunal also deleted additions based on estimated project income, loose sheets without corroboration, assumed project receipts, and cash deposits supported by agricultural records and sale documents.
Mechanical approval for search assessments under section 153D was held invalid where the sanction was consolidated, year-neutral and showed no application of mind, so the assessments were quashed as void ab initio. Completed years could not be reopened under section 153A in the absence of incriminating material. Where the Revenue relied on documents from a third party's search, the mandatory section 153C route had to be followed, and assessments framed without it were without jurisdiction. The Tribunal also deleted additions based on estimated project income, loose sheets without corroboration, assumed project receipts, and cash deposits supported by agricultural records and sale documents.
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