Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Unexplained cash deposits were sustained as additions because the assessee failed to discharge the onus of explaining their source and nature. The record showed continuing inconsistencies between the cash deposits, declared turnover, GST returns and accounting entries, and no reliable reconciliation was produced to link the deposits to alleged client reimbursements and booking advances in the travel business. In the absence of a verifiable explanation, the Tribunal found invocation of unexplained-income treatment and the consequential higher-tax regime justified, and the addition was upheld.
Unexplained cash deposits were sustained as additions because the assessee failed to discharge the onus of explaining their source and nature. The record showed continuing inconsistencies between the cash deposits, declared turnover, GST returns and accounting entries, and no reliable reconciliation was produced to link the deposits to alleged client reimbursements and booking advances in the travel business. In the absence of a verifiable explanation, the Tribunal found invocation of unexplained-income treatment and the consequential higher-tax regime justified, and the addition was upheld.
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