Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Agricultural income from date sales cannot be partly treated as income from other sources merely on a mathematical estimate of probable yield based on an earlier field report concerning damaged plants. Where agricultural operations, plantation, source of produce and recorded sale proceeds are accepted, contrary material is required to reject the disclosed quantity or receipts; the addition was deleted. Agricultural expenditure also cannot be enhanced to a fixed percentage of gross receipts without evidence that specific expenses are false or inadmissible, or cogent comparable, agricultural or expert material. The ad hoc expenditure addition was deleted, with consequential interest to be recomputed.
Agricultural income from date sales cannot be partly treated as income from other sources merely on a mathematical estimate of probable yield based on an earlier field report concerning damaged plants. Where agricultural operations, plantation, source of produce and recorded sale proceeds are accepted, contrary material is required to reject the disclosed quantity or receipts; the addition was deleted. Agricultural expenditure also cannot be enhanced to a fixed percentage of gross receipts without evidence that specific expenses are false or inadmissible, or cogent comparable, agricultural or expert material. The ad hoc expenditure addition was deleted, with consequential interest to be recomputed.
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