Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Addition u/s 69A - unexplained jewellery - The Tribunal found that the addition made by the AO was not justified, especially in light of the appellant's consistent income and status. - While assessing unexplained jewelry, the AO must consider the assessee's income, status, and cultural norms, and that mere possession of jewelry beyond a certain limit doesn't necessarily imply undisclosed income. - AT
Addition u/s 69A - unexplained jewellery - The Tribunal found that the addition made by the AO was not justified, especially in light of the appellant's consistent income and status. - While assessing unexplained jewelry, the AO must consider the assessee's income, status, and cultural norms, and that mere possession of jewelry beyond a certain limit doesn't necessarily imply undisclosed income. - AT
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