Electricity network contributions remain revenue expenditure where ownership and maintenance stay with the electricity board, supporting business prof...
Page of 4819
Press 'Enter' after typing page number.
441 to 460 of 96365 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Assessing Officers must independently evaluate material and...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessments.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Assessing Officers must independently evaluate material and determine assessment issues; administrative supervision cannot displace their quasi-judicial discretion. Incorporating superior-authority directions or inputs without independent satisfaction renders an assessment legally unsustainable. For alleged on-money receipts, electronic communications and third-party statements require an opportunity for confrontation and cross-examination. The presumption concerning seized material is rebuttable and applies against the person from whom it is seized. WhatsApp chats concerning developed plots, unsupported by cash evidence, purchaser admissions, acknowledgments or other corroboration, cannot be extrapolated to undeveloped-plot sales where valuation, purchaser statements and comparable transactions support disclosed consideration. On these principles, the assessment and on-money addition were unsustainable.
Assessing Officers must independently evaluate material and determine assessment issues; administrative supervision cannot displace their quasi-judicial discretion. Incorporating superior-authority directions or inputs without independent satisfaction renders an assessment legally unsustainable. For alleged on-money receipts, electronic communications and third-party statements require an opportunity for confrontation and cross-examination. The presumption concerning seized material is rebuttable and applies against the person from whom it is seized. WhatsApp chats concerning developed plots, unsupported by cash evidence, purchaser admissions, acknowledgments or other corroboration, cannot be extrapolated to undeveloped-plot sales where valuation, purchaser statements and comparable transactions support disclosed consideration. On these principles, the assessment and on-money addition were unsustainable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4819 
Join Channel 
