Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Addition u/s 69A - assessee had enough means to invest in the wrist watches - Only because bills and invoices of the wrist watches were not found at the time of search, the addition has been made. - the provisions of section 69A will not be attracted as the explanation offered by the assessee regarding the source of investment in the wrist watches, by no means, can be considered to be unsatisfactory. - AT
Addition u/s 69A - assessee had enough means to invest in the wrist watches - Only because bills and invoices of the wrist watches were not found at the time of search, the addition has been made. - the provisions of section 69A will not be attracted as the explanation offered by the assessee regarding the source of investment in the wrist watches, by no means, can be considered to be unsatisfactory. - AT
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