Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
A bank stock statement cannot alone establish undervaluation of closing stock for tax purposes without independently verified evidence. Where the taxpayer consistently applied its valuation method, reconciled differences from bank figures, and the books showed no defects, deletion of the addition was upheld. Applying the principle of consistency, deletion of interest disallowance on unpaid purchase price was sustained because no distinguishing facts or evidence of related-party payment or unreasonable interest emerged. Deletion of Keyman Insurance Policy premium disallowance was also upheld, as the company was the policy beneficiary and earlier-year treatment was followed. The tax appeal was dismissed for absence of a substantial question of law.
A bank stock statement cannot alone establish undervaluation of closing stock for tax purposes without independently verified evidence. Where the taxpayer consistently applied its valuation method, reconciled differences from bank figures, and the books showed no defects, deletion of the addition was upheld. Applying the principle of consistency, deletion of interest disallowance on unpaid purchase price was sustained because no distinguishing facts or evidence of related-party payment or unreasonable interest emerged. Deletion of Keyman Insurance Policy premium disallowance was also upheld, as the company was the policy beneficiary and earlier-year treatment was followed. The tax appeal was dismissed for absence of a substantial question of law.
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