Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Addition u/s 68 - bogus share transactions - as alleged transactions in shares, “penny stock” are fraudulent and accommodation entries - The Appellate Tribunal noted that the appellant had purchased and subsequently sold shares of a company through open market channels using authorized brokers. The appellant provided comprehensive documentation, including credit notes, contract notes, Demat account statements, and bank statements, to substantiate the transactions. - Despite sharp fluctuations in share prices, the ITAT found no evidence of wrongdoing or irregularities in the appellant's transactions. - Consequently, the additions so made deleted.
Addition u/s 68 - bogus share transactions - as alleged transactions in shares, “penny stock” are fraudulent and accommodation entries - The Appellate Tribunal noted that the appellant had purchased and subsequently sold shares of a company through open market channels using authorized brokers. The appellant provided comprehensive documentation, including credit notes, contract notes, Demat account statements, and bank statements, to substantiate the transactions. - Despite sharp fluctuations in share prices, the ITAT found no evidence of wrongdoing or irregularities in the appellant's transactions. - Consequently, the additions so made deleted.
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