Fake-invoice penalties remain available where taxpayer admissions and records establish unsupported input tax credit claims and false GST documentatio...
Works contract classification applies to permanently installed fire-protection systems, while earthwork and obsolete IGST concessions remain unavailab...
Professional fee recovery for GST refund representation succeeds where direct engagement, fee acknowledgement, and authority are established despite c...
Transfer pricing of intra-group support services requires prescribed benchmarking; unsupported nil valuation and alternate business-expense disallowan...
Peak-credit computation for merged undisclosed bank accounts must neutralise same-day transfers between those accounts, since they merely shift the same funds and cannot increase the highest adjusted balance. The resulting addition requires recomputation after excluding transfer effects, rather than calculating the peak from balances distorted by internal deposits. An undisclosed rental-income addition previously deleted in the first appellate round cannot be revived by the Assessing Officer during a set-aside assessment; it remains deleted. Quantification disputes are substantive appellate matters, not apparent errors capable of rectification, rendering a related rectification proceeding consequential.
Peak-credit computation for merged undisclosed bank accounts must neutralise same-day transfers between those accounts, since they merely shift the same funds and cannot increase the highest adjusted balance. The resulting addition requires recomputation after excluding transfer effects, rather than calculating the peak from balances distorted by internal deposits. An undisclosed rental-income addition previously deleted in the first appellate round cannot be revived by the Assessing Officer during a set-aside assessment; it remains deleted. Quantification disputes are substantive appellate matters, not apparent errors capable of rectification, rendering a related rectification proceeding consequential.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
