Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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Additions based only on an impounded diary and survey disclosure were deleted because the Assessing Officer had no corroborative material, and the concluded land transaction made the alleged later cash payment improbable; the retraction was accepted and no substantial question of law arose. On the separate issue of unexplained investment, cash receipts recorded in the same diary were telescoped against the investment already offered to tax, preventing double taxation; this too was treated as a factual finding with no substantial question of law. The Revenue's challenges therefore failed and its appeals were dismissed.
Additions based only on an impounded diary and survey disclosure were deleted because the Assessing Officer had no corroborative material, and the concluded land transaction made the alleged later cash payment improbable; the retraction was accepted and no substantial question of law arose. On the separate issue of unexplained investment, cash receipts recorded in the same diary were telescoped against the investment already offered to tax, preventing double taxation; this too was treated as a factual finding with no substantial question of law. The Revenue's challenges therefore failed and its appeals were dismissed.
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