Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
Loose papers that are undated, unsigned and unlinked to the assessee cannot, by themselves, support additions for unexplained investment under section 69; the Tribunal treated the paper as a dumb document and deleted the addition. A figure on the same paper also could not be taxed as unexplained money under section 69A because no money or other valuable asset was found in the assessee's ownership, and the nature of the entry was not established; that addition was deleted. A gross profit addition based only on alleged stock shortage was rejected because the assessee gave a plausible job-work explanation that was not disproved. Third-party WhatsApp and police material could not be used without full disclosure or cross-examination, so the betting-related section 69A addition also failed.
Loose papers that are undated, unsigned and unlinked to the assessee cannot, by themselves, support additions for unexplained investment under section 69; the Tribunal treated the paper as a dumb document and deleted the addition. A figure on the same paper also could not be taxed as unexplained money under section 69A because no money or other valuable asset was found in the assessee's ownership, and the nature of the entry was not established; that addition was deleted. A gross profit addition based only on alleged stock shortage was rejected because the assessee gave a plausible job-work explanation that was not disproved. Third-party WhatsApp and police material could not be used without full disclosure or cross-examination, so the betting-related section 69A addition also failed.
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