Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Unexplained money u/s 69A - Unaccounted cash found in course of search and seizure - The claim of assessee that the statement of partners are neither voluntary nor reliable and is thus bereft of any probative value, is not without any substance as noted in the preceding paragraphs. The benefit of doubt, in the peculiar circumstances, thus need to go in favour of the subject assessee. The assessee cannot be held accountable for the lapses or remissness on the part of the Revenue Authorities. - AT
Unexplained money u/s 69A - Unaccounted cash found in course of search and seizure - The claim of assessee that the statement of partners are neither voluntary nor reliable and is thus bereft of any probative value, is not without any substance as noted in the preceding paragraphs. The benefit of doubt, in the peculiar circumstances, thus need to go in favour of the subject assessee. The assessee cannot be held accountable for the lapses or remissness on the part of the Revenue Authorities. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
