Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Section 7 admission requires established financial debt and default, not precise interest quantification, while post-suspension defaults remain action...
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Additional documentary evidence on the GST refund mismatch was admitted as vital to verifying its accounting and tax treatment. Because the evidence required verification by the Assessing Officer and the Revenue did not oppose admission, the adjustment reducing the returned business loss was set aside and remanded for fresh adjudication after a hearing. Outstanding trade payables arising from purchases could not be treated as unexplained cash credit where creditor-balance differences had been reconciled and supported by documentary evidence. In the absence of contrary material or precedent from the Revenue, deletion of that addition was upheld and the Revenue's appeal was dismissed.
Additional documentary evidence on the GST refund mismatch was admitted as vital to verifying its accounting and tax treatment. Because the evidence required verification by the Assessing Officer and the Revenue did not oppose admission, the adjustment reducing the returned business loss was set aside and remanded for fresh adjudication after a hearing. Outstanding trade payables arising from purchases could not be treated as unexplained cash credit where creditor-balance differences had been reconciled and supported by documentary evidence. In the absence of contrary material or precedent from the Revenue, deletion of that addition was upheld and the Revenue's appeal was dismissed.
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