Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
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 
of 4805
Join Channel
TaxTMI 
