Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
Disciplinary proportionality requires penalties for Authorised Representative misconduct to match proven harm, leading to reconsideration of registrat...
Revision u/s 263 - As the assessee’s claim of having incurred the expenses towards furtherance of its charitable objective; and also its claim of having received donations, both local and foreign, had been accepted by the A.O without carrying out necessary verifications, therefore, the aforesaid contention of the assessee is devoid and bereft of any merit, and thus, cannot be accepted. - No infirmity in the order passed by the CIT under Sec. 263, wherein he had after rightly observing that the assessment order u/s 143(3) had been passed by the A.O in a perfunctory and routine manner without any verification, cross checks or test checks - AT
Revision u/s 263 - As the assessee’s claim of having incurred the expenses towards furtherance of its charitable objective; and also its claim of having received donations, both local and foreign, had been accepted by the A.O without carrying out necessary verifications, therefore, the aforesaid contention of the assessee is devoid and bereft of any merit, and thus, cannot be accepted. - No infirmity in the order passed by the CIT under Sec. 263, wherein he had after rightly observing that the assessment order u/s 143(3) had been passed by the A.O in a perfunctory and routine manner without any verification, cross checks or test checks - AT
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TaxTMI 
TaxTMI 
of 4918 
