Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Assessment u/s 144B - Disallowance of commission paid to the Foreign Company and Local Agents/Parties and expenses incurred by the petitioner on account of purchase of bullion - The High court noted the petitioner's failure to satisfactorily explain the disallowed commission payments and purchases. It was highlighted that the petitioner did not provide necessary documents, such as GST returns in Form GST 2A, to substantiate the transactions. - Writ Petition dismissed.
Assessment u/s 144B - Disallowance of commission paid to the Foreign Company and Local Agents/Parties and expenses incurred by the petitioner on account of purchase of bullion - The High court noted the petitioner's failure to satisfactorily explain the disallowed commission payments and purchases. It was highlighted that the petitioner did not provide necessary documents, such as GST returns in Form GST 2A, to substantiate the transactions. - Writ Petition dismissed.
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