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...
Understatement of sales - search and seizer operation were carried wherein the certain loose papers were found and seized - When all the explanation, documents were before the AO, he must bring on record any contrary evidence, he must have made the inquiry from the purchasers when the data or details of the purchasers were before him, before making the addition on account of understatement of sales. The Assessing Officer has not brought on record any contrary evidence except these loose papers. - AO made the addition own guess work, assumption, presumption and suspicion - AT
Understatement of sales - search and seizer operation were carried wherein the certain loose papers were found and seized - When all the explanation, documents were before the AO, he must bring on record any contrary evidence, he must have made the inquiry from the purchasers when the data or details of the purchasers were before him, before making the addition on account of understatement of sales. The Assessing Officer has not brought on record any contrary evidence except these loose papers. - AO made the addition own guess work, assumption, presumption and suspicion - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
