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...
Cash deposited in the bank account during demonetization period - Additions u/s.69A r.w.s. 115BBE - Admittedly the assessee is an authorized dealer of Bharath Petroleum Company Ltd., which is an authorized Public Sector Oil Marketing Company. There is no illegality or the cash received is not unexplained because this is received on the basis of sale of petrol exempted vide the above notification which was further extended vide notification dated 24.11.2016. - Additions deleted - AT
Cash deposited in the bank account during demonetization period - Additions u/s.69A r.w.s. 115BBE - Admittedly the assessee is an authorized dealer of Bharath Petroleum Company Ltd., which is an authorized Public Sector Oil Marketing Company. There is no illegality or the cash received is not unexplained because this is received on the basis of sale of petrol exempted vide the above notification which was further extended vide notification dated 24.11.2016. - Additions deleted - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
