Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Exemption supply or not - services of leasing of the land for industrial purposes by SMPK to the applicant - The Appellate Authority for Advance Ruling finds that while the WBAAR ruled on the ownership aspect, it failed to consider all conditions required for exemption under entry 41. They note that the WBAAR's ruling was limited to a single condition and did not provide a comprehensive analysis of the case. As a result, the Appellate Authority deems it necessary to remand the case back to the WBAAR for a fresh decision, considering all aspects of the matter.
Exemption supply or not - services of leasing of the land for industrial purposes by SMPK to the applicant - The Appellate Authority for Advance Ruling finds that while the WBAAR ruled on the ownership aspect, it failed to consider all conditions required for exemption under entry 41. They note that the WBAAR's ruling was limited to a single condition and did not provide a comprehensive analysis of the case. As a result, the Appellate Authority deems it necessary to remand the case back to the WBAAR for a fresh decision, considering all aspects of the matter.
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