Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Addition u/s 68 - unexplained share application money - genuineness and creditworthiness of the share capital subscription challenged - ITAT deleted addition - The Delhi High Court upheld the decisions of the ITAT, which had favorably considered the assessee's appeals against the substantial additions imposed by the Assessing Officer. The court found that the ITAT had correctly applied the legal principles to the facts, which were thoroughly vetted and substantiated by adequate evidence. Thus, no substantial questions of law arose from the ITAT’s decisions, leading to the dismissal of the Revenue's appeals
Addition u/s 68 - unexplained share application money - genuineness and creditworthiness of the share capital subscription challenged - ITAT deleted addition - The Delhi High Court upheld the decisions of the ITAT, which had favorably considered the assessee's appeals against the substantial additions imposed by the Assessing Officer. The court found that the ITAT had correctly applied the legal principles to the facts, which were thoroughly vetted and substantiated by adequate evidence. Thus, no substantial questions of law arose from the ITAT’s decisions, leading to the dismissal of the Revenue's appeals
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