Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Revision u/s 263 - bogus purchases - documents like invoices, given details of stocks, payments through the banking channels and confirmation from parties examined by AO - before revising the assessment u/s 263, the CIT ought to have made some inquiry of his own such as noticed u/s 133(6) or examination of concerned parties declared as hawala parties - revision quashed
Revision u/s 263 - bogus purchases - documents like invoices, given details of stocks, payments through the banking channels and confirmation from parties examined by AO - before revising the assessment u/s 263, the CIT ought to have made some inquiry of his own such as noticed u/s 133(6) or examination of concerned parties declared as hawala parties - revision quashed
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