Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Personal hearing requirements in GST adjudication were satisfied by prior opportunities and written submissions; appellate limitation received writ-pe...
Notional rental income was deleted because the earlier rent memorandum had been superseded by an operative agreement, independently confirmed by the tenant and supported by invoices, banking records and tax statements. Booking advances did not constitute ceased or bogus liabilities merely because they remained outstanding; sale and transfer documentation supported their continuity. An opening loan balance could not be treated as unexplained cash credit because no credit arose during the relevant year. A debt written off in the accounts qualified for deduction without proof of actual irrecoverability. Supported repairs and routine business expenses were allowed, but interest on tax deducted at source remained disallowed. Penalty was deleted while the assessment's jurisdiction remained under challenge, subject to lawful reinitiation after the writ petition's disposal.
Notional rental income was deleted because the earlier rent memorandum had been superseded by an operative agreement, independently confirmed by the tenant and supported by invoices, banking records and tax statements. Booking advances did not constitute ceased or bogus liabilities merely because they remained outstanding; sale and transfer documentation supported their continuity. An opening loan balance could not be treated as unexplained cash credit because no credit arose during the relevant year. A debt written off in the accounts qualified for deduction without proof of actual irrecoverability. Supported repairs and routine business expenses were allowed, but interest on tax deducted at source remained disallowed. Penalty was deleted while the assessment's jurisdiction remained under challenge, subject to lawful reinitiation after the writ petition's disposal.
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