Income Declaration Scheme declarations can evidence share-capital sources, while round-tripped funds and cash-linked credits require further verificat...
Permanent establishment tests: independent subsidiary premises and principal-to-principal dealings did not create Indian taxability for offshore suppl...
Valuation Officer estimates govern property-value additions once statutory valuation is invoked, requiring fresh consideration of objections and compa...
Waiver of written show-cause notice may prevent a later procedural challenge after participation in customs adjudication, preserving statutory appella...
Retrospective invalidity of ocean-freight IGST supports refunds despite non-party status and prior credit utilisation, subject to authorised appeal gr...
Political-party donation deduction under section 80GGC was denied because search-proceeding admissions supported the finding that the contribution was bogus, and no rebuttal evidence was furnished. Interest on borrowed capital claimed for house construction requires verification of the construction and supporting evidence where the loan is described as a personal loan; the claim was remitted for examination. Credit for tax deducted at source was directed to be allowed on recomputation. Professional-tax deduction omitted from the return requires proof of payment and was remitted for verification in accordance with law.
Political-party donation deduction under section 80GGC was denied because search-proceeding admissions supported the finding that the contribution was bogus, and no rebuttal evidence was furnished. Interest on borrowed capital claimed for house construction requires verification of the construction and supporting evidence where the loan is described as a personal loan; the claim was remitted for examination. Credit for tax deducted at source was directed to be allowed on recomputation. Professional-tax deduction omitted from the return requires proof of payment and was remitted for verification in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
