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...
Revision u/s 263 - turnover mismatch - assessee explained that If, you add back sales turnover and interest income, then there would be no difference in turnover reported in its audit report - this fact has been accepted by the PCIT, but direction to the AO to verify without pointing out, how the order passed by the AO is erroneous, in so far as, it is prejudicial to the interest of the revenue is not sustainable
Revision u/s 263 - turnover mismatch - assessee explained that If, you add back sales turnover and interest income, then there would be no difference in turnover reported in its audit report - this fact has been accepted by the PCIT, but direction to the AO to verify without pointing out, how the order passed by the AO is erroneous, in so far as, it is prejudicial to the interest of the revenue is not sustainable
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
