Unverified Insight Portal Information Cannot Justify Reassessment Without a Verified Taxpayer-Specific Income-Escape Nexus or Demonstrated Application...
Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
Damaged guar gum inventory valued under Accounting Standard-2 at cost or net realisable value, whichever is lower, may be written down where damage prevents recovery at normal sale value; revaluation cannot displace that disclosed method. Non-moving or deteriorated inventory may similarly be written off when corrosion or wear and tear reduces its value. Cash deposits during demonetisation, already recorded as sales in audited books and supported by sale bills, delivery challans, and sales and stock registers, are not unexplained money without contrary material. The additions for stock revaluation and cash deposits were deleted, and the Revenue's appeal was dismissed.
Damaged guar gum inventory valued under Accounting Standard-2 at cost or net realisable value, whichever is lower, may be written down where damage prevents recovery at normal sale value; revaluation cannot displace that disclosed method. Non-moving or deteriorated inventory may similarly be written off when corrosion or wear and tear reduces its value. Cash deposits during demonetisation, already recorded as sales in audited books and supported by sale bills, delivery challans, and sales and stock registers, are not unexplained money without contrary material. The additions for stock revaluation and cash deposits were deleted, and the Revenue's appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
