Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
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...
Bogus purchase bills obtained as accommodation entries warranted addition only to the income component embedded in unverifiable purchases, and the Tribunal was justified in following earlier coordinate Bench decisions on identical facts. The assessee had no actual material purchases, but the addition was restricted to 6% of the impugned purchases in line with prior High Court and Tribunal rulings. The Revenue's challenge to that estimation failed, and the appeal was dismissed.
Bogus purchase bills obtained as accommodation entries warranted addition only to the income component embedded in unverifiable purchases, and the Tribunal was justified in following earlier coordinate Bench decisions on identical facts. The assessee had no actual material purchases, but the addition was restricted to 6% of the impugned purchases in line with prior High Court and Tribunal rulings. The Revenue's challenge to that estimation failed, and the appeal was dismissed.
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