Personal liberty safeguards restrict arrest after court-directed GST appearance, requiring interim release where authorities overreach pending proceed...
Alternative statutory remedy and delay bar GST writ challenges despite pending rectification, while distinct subject matter permits parallel proceedin...
Unverified Insight Portal Information Cannot Justify Reassessment Without a Verified Taxpayer-Specific Income-Escape Nexus or Demonstrated Application...
Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Addition u/s 69A - cash balance on account of withdrawal from different bank accounts - The mere fact of holding cash for a longer period was not a sufficient ground for the addition, especially in the absence of any evidence contradicting the Assessee's explanation. - The principle of human probability does not extend to making assumptions about unexplained cash without concrete evidence. The burden of proof lies with the department to show that the cash in hand is unexplained, especially when the source of the cash is substantiated. - AT
Addition u/s 69A - cash balance on account of withdrawal from different bank accounts - The mere fact of holding cash for a longer period was not a sufficient ground for the addition, especially in the absence of any evidence contradicting the Assessee's explanation. - The principle of human probability does not extend to making assumptions about unexplained cash without concrete evidence. The burden of proof lies with the department to show that the cash in hand is unexplained, especially when the source of the cash is substantiated. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
