Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Unexplained foreign bank credits were remanded for fresh consideration because the assessee had not received an effective opportunity to submit supporting evidence on their source. The notes state that pending criminal financial-offence proceedings, custody, and detention under a look-out notice justified granting one further opportunity in the interests of justice. The appellate order was set aside, and the Commissioner (Appeals) was directed to reconsider the credits after providing a proper hearing and allowing supporting evidence to be furnished.
Unexplained foreign bank credits were remanded for fresh consideration because the assessee had not received an effective opportunity to submit supporting evidence on their source. The notes state that pending criminal financial-offence proceedings, custody, and detention under a look-out notice justified granting one further opportunity in the interests of justice. The appellate order was set aside, and the Commissioner (Appeals) was directed to reconsider the credits after providing a proper hearing and allowing supporting evidence to be furnished.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4780
Join Channel
TaxTMI 
