Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Suppression of profit - hare / stock broker - fictitious loss by way of Client Code Modification (CCM) - except for general observation of investigation wing, there was no minimum adverse material on record which would prima-facie prove that loss was fictious and the assessee was in connivance with brokers - transactions were duly reflected in the books and done through banking channels - duly allowable
Suppression of profit - hare / stock broker - fictitious loss by way of Client Code Modification (CCM) - except for general observation of investigation wing, there was no minimum adverse material on record which would prima-facie prove that loss was fictious and the assessee was in connivance with brokers - transactions were duly reflected in the books and done through banking channels - duly allowable
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