Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
The Appellate Tribunal addressed three main issues raised by the Assessee against the assessment order. Firstly, regarding the disallowance of job work charges to a sister concern, the Tribunal found that the authorities failed to conduct a comparative study, leading to the deletion of the disallowance. Secondly, the adhoc disallowance on job work charges was deemed unjustified due to lack of evidence supporting the Assessing Officer's decision, resulting in its deletion. Finally, the addition of duty drawback incentive was dismissed as the Assessee was not aggrieved by the issue and relief was already provided by the CIT(A).
The Appellate Tribunal addressed three main issues raised by the Assessee against the assessment order. Firstly, regarding the disallowance of job work charges to a sister concern, the Tribunal found that the authorities failed to conduct a comparative study, leading to the deletion of the disallowance. Secondly, the adhoc disallowance on job work charges was deemed unjustified due to lack of evidence supporting the Assessing Officer's decision, resulting in its deletion. Finally, the addition of duty drawback incentive was dismissed as the Assessee was not aggrieved by the issue and relief was already provided by the CIT(A).
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