Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
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...
Removal of sugar for export - Appellant was not able to produce the “proof of export “ within the period as prescribed - The argument is not acceptable that they are not able to co-relate the documents in view of the certain erroneous method adopted by the Customs Authority while endorsing the documents - when law requires something to be done in particular manner then that has to be one in that manner only and all other method of doing are barred.
Removal of sugar for export - Appellant was not able to produce the “proof of export “ within the period as prescribed - The argument is not acceptable that they are not able to co-relate the documents in view of the certain erroneous method adopted by the Customs Authority while endorsing the documents - when law requires something to be done in particular manner then that has to be one in that manner only and all other method of doing are barred.
Note: It is a system-generated summary and is for quick reference only.
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