Approved gratuity fund provisions remain deductible despite general actual-payment requirements, preventing revision of the allowed gratuity deduction...
Verification of intangible software expenditure and duplicated disallowances requires record-based reassessment before depreciation and income computa...
Cash receipt aggregation requires a single transaction, event or occasion; separate partner capital contributions cannot attract cash-receipt penaltie...
Unexplained cash credit u/s 68 r.w.s 115BBE - inflated sales pursuant to demonetization - Unaccounted Stock Due to Valuation Differences - The Tribunal held that the addition made by the Revenue on account of undisclosed income from the sale of diamonds was unjustified, as the transactions were recorded in the books and formed part of the assessee's regular business operations. - The Tribunal dismissed the addition made on account of the alleged unaccounted stock, recognizing the discrepancy as a result of a typographical error in the tax audit report.
Unexplained cash credit u/s 68 r.w.s 115BBE - inflated sales pursuant to demonetization - Unaccounted Stock Due to Valuation Differences - The Tribunal held that the addition made by the Revenue on account of undisclosed income from the sale of diamonds was unjustified, as the transactions were recorded in the books and formed part of the assessee's regular business operations. - The Tribunal dismissed the addition made on account of the alleged unaccounted stock, recognizing the discrepancy as a result of a typographical error in the tax audit report.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4925 
