Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Penalty u/s 271(1)(c) - loss on account of foreign exchange fluctuation - Mere rejection of claim made by the AO would not by itself lead to imposition of penalty under Section 271(1)(c) of the Act.
Penalty u/s 271(1)(c) - loss on account of foreign exchange fluctuation - Mere rejection of claim made by the AO would not by itself lead to imposition of penalty under Section 271(1)(c) of the Act.
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