Prior disposal of reopening objections is mandatory before scrutiny notice; premature scrutiny invalidates reassessment and consequential assessment o...
Pre-registration safeguards do not require a hearing or preliminary inquiry before corruption FIR registration where cognizable offences are disclosed...
Salary expenditure is deductible only when actually incurred wholly and exclusively for business, supported by evidence of genuine employment, services, payment and commercial need. Third-party search statements may be used as evidence, but a retracted and uncorroborated statement should not alone sustain disallowance where the taxpayer lacks meaningful disclosure and an effective chance to rebut or cross-examine it. Retraction is not conclusive: a statement can retain weight if voluntary, corroborated, disclosed and assessed without demonstrable prejudice. A fact-specific 10% salary disallowance was sustained after the taxpayer sought closure, not as a general percentage rule. Contemporaneous employment and work-product records remain material.
Salary expenditure is deductible only when actually incurred wholly and exclusively for business, supported by evidence of genuine employment, services, payment and commercial need. Third-party search statements may be used as evidence, but a retracted and uncorroborated statement should not alone sustain disallowance where the taxpayer lacks meaningful disclosure and an effective chance to rebut or cross-examine it. Retraction is not conclusive: a statement can retain weight if voluntary, corroborated, disclosed and assessed without demonstrable prejudice. A fact-specific 10% salary disallowance was sustained after the taxpayer sought closure, not as a general percentage rule. Contemporaneous employment and work-product records remain material.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4935 
