Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Estimation of net profits - addition on account of enhancement of net profit as the assessee has shown drastically low net profit as compared to preceding previous years - The AO’s rejection of books of accounts was unfounded, lacking specific discrepancies. - The assessee justified the net profit decline with audited accounts showing increased financial costs and foreign exchange losses. - AT
Estimation of net profits - addition on account of enhancement of net profit as the assessee has shown drastically low net profit as compared to preceding previous years - The AO’s rejection of books of accounts was unfounded, lacking specific discrepancies. - The assessee justified the net profit decline with audited accounts showing increased financial costs and foreign exchange losses. - AT
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