Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
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...
Levy of GST on un-denatured Extra Neutral Alcohol supplied by the petitioner - The court observed that the show cause notice called upon the petitioner to submit a written explanation within 30 days, along with the opportunity for a personal hearing. However, the petitioner failed to provide any explanation or seek a hearing. The court emphasized that the petitioner's failure to provide a written explanation in response to the notice rendered the petition not maintainable. It underscored the importance of availing the opportunity to present a defense before challenging such notices in court.
Levy of GST on un-denatured Extra Neutral Alcohol supplied by the petitioner - The court observed that the show cause notice called upon the petitioner to submit a written explanation within 30 days, along with the opportunity for a personal hearing. However, the petitioner failed to provide any explanation or seek a hearing. The court emphasized that the petitioner's failure to provide a written explanation in response to the notice rendered the petition not maintainable. It underscored the importance of availing the opportunity to present a defense before challenging such notices in court.
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