Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Customs transaction value rejection requires communicated reasonable doubt, while written reassessment acceptance preserves challenges to enhanced val...
Challenge-mechanism compliance clarifications permitted, while unilateral revised resolution plans may be refused under creditors' commercial discreti...
Rule 26(2) personal penalty for invoices issued without delivery of goods requires proof that the individual issued, or abetted the issue of, such invoices. Penalty against a director was unsustainable where the company received no show-cause notice, the director was not an authorised signatory, and no finding established issuance, connivance, or abetment. Purchasers' reversal of credit did not independently establish liability. Truck-owner statements could not be relied upon without compliance with the mandatory procedure for admitting statements under section 9D. The penalty was set aside with consequential relief.
Rule 26(2) personal penalty for invoices issued without delivery of goods requires proof that the individual issued, or abetted the issue of, such invoices. Penalty against a director was unsustainable where the company received no show-cause notice, the director was not an authorised signatory, and no finding established issuance, connivance, or abetment. Purchasers' reversal of credit did not independently establish liability. Truck-owner statements could not be relied upon without compliance with the mandatory procedure for admitting statements under section 9D. The penalty was set aside with consequential relief.
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TaxTMI 
TaxTMI 
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