Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Addition on the basis of statements u/s 132(4) - presumption u/s 292C - retraction should be supported by a strong evidence stating that the earlier statement was recorded under duress and coercion - a bald assertion to this effect at much belated stage cannot be accepted - statement recorded in presence of independent witnesses has overriding effect over the subsequent retraction - addition confirmed
Addition on the basis of statements u/s 132(4) - presumption u/s 292C - retraction should be supported by a strong evidence stating that the earlier statement was recorded under duress and coercion - a bald assertion to this effect at much belated stage cannot be accepted - statement recorded in presence of independent witnesses has overriding effect over the subsequent retraction - addition confirmed
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
