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...
Disallowance as per order u/s 144C - default in filling of form 35A - The appellant filed a corrected Form No. 35A. The Tribunal ruled that this correction did not constitute filing beyond the time limit, and thus upheld the appellant's contention. - On the issue of disallowed expenses, the Tribunal noted that the appellant had provided sufficient evidence to demonstrate the legitimacy of the claimed expenses related to the sale of a residential property. The assessing officer's rejection of these expenses solely based on procedural grounds was deemed unjustified. Consequently, the Tribunal directed the assessing officer to review the supporting documents and allow the expenses accordingly.
Disallowance as per order u/s 144C - default in filling of form 35A - The appellant filed a corrected Form No. 35A. The Tribunal ruled that this correction did not constitute filing beyond the time limit, and thus upheld the appellant's contention. - On the issue of disallowed expenses, the Tribunal noted that the appellant had provided sufficient evidence to demonstrate the legitimacy of the claimed expenses related to the sale of a residential property. The assessing officer's rejection of these expenses solely based on procedural grounds was deemed unjustified. Consequently, the Tribunal directed the assessing officer to review the supporting documents and allow the expenses accordingly.
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