Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
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Ad hoc confirmation of one-fifth of an alleged unexplained investment in a flat was found arbitrary where the source of payments was supported by bank transfers, housing finance, accumulated savings from government service, family agricultural income, and the spouse's income; that addition was deleted. The separate addition for the difference between stamp duty value and purchase price was also deleted because the order gave no cogent reason for refusing a valuation reference, relied on the wrong charging provision for the relevant assessment year, and ignored evidence showing demolition action for unauthorised construction, which supported the declared price as the flat's fair market value.
Ad hoc confirmation of one-fifth of an alleged unexplained investment in a flat was found arbitrary where the source of payments was supported by bank transfers, housing finance, accumulated savings from government service, family agricultural income, and the spouse's income; that addition was deleted. The separate addition for the difference between stamp duty value and purchase price was also deleted because the order gave no cogent reason for refusing a valuation reference, relied on the wrong charging provision for the relevant assessment year, and ignored evidence showing demolition action for unauthorised construction, which supported the declared price as the flat's fair market value.
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