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...
Imposition of penalty - service tax with interest paid before issuance of SCN - the bonafide belief that one is not liable to pay the tax has to be based on some facts on record which led to the belief - appellant belief was neither supported by any reasonable explanation nor on a ruling of the some authority that it not liable to pay service tax on outward transportation - no benefit of section 80
Imposition of penalty - service tax with interest paid before issuance of SCN - the bonafide belief that one is not liable to pay the tax has to be based on some facts on record which led to the belief - appellant belief was neither supported by any reasonable explanation nor on a ruling of the some authority that it not liable to pay service tax on outward transportation - no benefit of section 80
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