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...
Addition u/s 68 - unexplained cash credit - amount received by the assessee from the NRIs - Admittedly, all the transactions were routed through the banking channel i.e. NRE account. In this regard, we find that there is a circular issued by the CBDT wherein it was instructed that there cannot be any tax liability on the amount remitted by the NRI in India for investment in India - AT
Addition u/s 68 - unexplained cash credit - amount received by the assessee from the NRIs - Admittedly, all the transactions were routed through the banking channel i.e. NRE account. In this regard, we find that there is a circular issued by the CBDT wherein it was instructed that there cannot be any tax liability on the amount remitted by the NRI in India for investment in India - AT
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TaxTMI 
TaxTMI 
