Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Rejection of a GST rectification application without addressing the contentions raised or providing sufficient and reasonable opportunity violates principles of natural justice. The deficiency arose from summary dismissal despite multiple submissions in the rectification application. The rejection was set aside, and the application was remitted for fresh consideration in accordance with law. The petition consequently succeeded.
Rejection of a GST rectification application without addressing the contentions raised or providing sufficient and reasonable opportunity violates principles of natural justice. The deficiency arose from summary dismissal despite multiple submissions in the rectification application. The rejection was set aside, and the application was remitted for fresh consideration in accordance with law. The petition consequently succeeded.
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