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. 69A - unexplained cash deposits in the bank account - The Tribunal found the explanation provided by the assessee regarding the sale consideration for real estate transactions to be credible, especially considering the stamp paper in the purchaser's name and the nature of the assessee's business. - However, discrepancies were noted in the explanation provided for loan proceeds, leading to the Tribunal upholding a portion of the addition as unexplained. - In conclusion, the Tribunal partly allowed the assessee's appeal, directing the deletion of a significant portion of the addition while upholding a portion as unexplained.
Addition u/s. 69A - unexplained cash deposits in the bank account - The Tribunal found the explanation provided by the assessee regarding the sale consideration for real estate transactions to be credible, especially considering the stamp paper in the purchaser's name and the nature of the assessee's business. - However, discrepancies were noted in the explanation provided for loan proceeds, leading to the Tribunal upholding a portion of the addition as unexplained. - In conclusion, the Tribunal partly allowed the assessee's appeal, directing the deletion of a significant portion of the addition while upholding a portion as unexplained.
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