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...
Claim of refund - TDS on the compensation paid to the petitioner by the respondent No.1 for the acquisition of land - Income received by the petitioner on account of the property acquired by respondent No.1 by private negotiations and sale deed is exempted from tax. The respondent No.1 has already deducted the TDS which it ought not to have deducted. - The Income Tax Department shall process the statement including the correction statement that may be filed under Section 200A more particularly Clause (d) thereof. - The parties shall thereafter take steps for refund of the amount in accordance with the provisions of Income Tax Act and Rules. - HC
Claim of refund - TDS on the compensation paid to the petitioner by the respondent No.1 for the acquisition of land - Income received by the petitioner on account of the property acquired by respondent No.1 by private negotiations and sale deed is exempted from tax. The respondent No.1 has already deducted the TDS which it ought not to have deducted. - The Income Tax Department shall process the statement including the correction statement that may be filed under Section 200A more particularly Clause (d) thereof. - The parties shall thereafter take steps for refund of the amount in accordance with the provisions of Income Tax Act and Rules. - HC
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