Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Reversal of Input Tax Credit (ITC) - The court notes that the impugned order reversed the ITC based solely on the cancellation of the supplier's registration and disregarded the documents submitted by the petitioner. The court opines that the petitioner may be required to prove the existence of the supplier at the relevant time and demonstrate the genuineness of the transaction with relevant documents. - The assessing officer is directed to consider whether the transaction was genuine by examining all relevant documents in that regard.
Reversal of Input Tax Credit (ITC) - The court notes that the impugned order reversed the ITC based solely on the cancellation of the supplier's registration and disregarded the documents submitted by the petitioner. The court opines that the petitioner may be required to prove the existence of the supplier at the relevant time and demonstrate the genuineness of the transaction with relevant documents. - The assessing officer is directed to consider whether the transaction was genuine by examining all relevant documents in that regard.
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