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...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
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Cash repayment of a family loan between spouses did not justify penalty under section 271E where the loan was fully explained, used for the benefit of the family, and gave rise to no addition. The Tribunal treated both the husband-wife loan transaction and the partial repayment to the wife as family-benefit transactions, following a co-ordinate Bench decision. It held that these circumstances established reasonable cause and made the penalty unsustainable. The penalty was therefore deleted and the appeal was allowed.
Cash repayment of a family loan between spouses did not justify penalty under section 271E where the loan was fully explained, used for the benefit of the family, and gave rise to no addition. The Tribunal treated both the husband-wife loan transaction and the partial repayment to the wife as family-benefit transactions, following a co-ordinate Bench decision. It held that these circumstances established reasonable cause and made the penalty unsustainable. The penalty was therefore deleted and the appeal was allowed.
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