Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenu...
Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
Page of 4805
Press 'Enter' after typing page number.
2701 to 2720 of 96100 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
In a section 68 dispute over an unexplained unsecured loan, the High Court noted that the Tribunal had relied on the undisputed repayment of the loan through banking channels and its disclosure in the books. It accepted the Tribunal's view, supported by jurisdictional precedents, that such repayment and disclosure were sufficient to negate the addition in the absence of further material showing an accommodation entry. The Court found no error in deleting the addition, held that no substantial question of law arose, and dismissed the Revenue's appeals.
In a section 68 dispute over an unexplained unsecured loan, the High Court noted that the Tribunal had relied on the undisputed repayment of the loan through banking channels and its disclosure in the books. It accepted the Tribunal's view, supported by jurisdictional precedents, that such repayment and disclosure were sufficient to negate the addition in the absence of further material showing an accommodation entry. The Court found no error in deleting the addition, held that no substantial question of law arose, and dismissed the Revenue's appeals.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
