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...
Validity of Reopening of assessment u/s 147 - unaccounted cash transactions - It can thus be seen that the Assessing Officer had analyzed the voluminous material collected by the Revenue during the search operations in connection with the Venus Group - Based on seized material, though AO could not have initiated proceedings u/s 153(C) but based on the information, could be said to be justified in reopening the assessment for the reasons assigned and referred to above. - HC
Validity of Reopening of assessment u/s 147 - unaccounted cash transactions - It can thus be seen that the Assessing Officer had analyzed the voluminous material collected by the Revenue during the search operations in connection with the Venus Group - Based on seized material, though AO could not have initiated proceedings u/s 153(C) but based on the information, could be said to be justified in reopening the assessment for the reasons assigned and referred to above. - HC
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TaxTMI 
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