Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Clandestine removal - Shortage of raw material and finished goods - no verification at the buyer/supplier’s end conducted by the Revenue - mere payment of duty on the material found short to avoid litigation and difficulty the allegation of clandestine removal cannot be proved.Material found sought to avoid litigation and difficulty delegation of clandestine removal cannot be proved
Clandestine removal - Shortage of raw material and finished goods - no verification at the buyer/supplier’s end conducted by the Revenue - mere payment of duty on the material found short to avoid litigation and difficulty the allegation of clandestine removal cannot be proved.Material found sought to avoid litigation and difficulty delegation of clandestine removal cannot be proved
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
