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...
Challenge to summary order passed against the petitioner u/s 74 - The court rejected the petitioner's claim of not being granted a personal hearing, stating that the petitioner was indeed given opportunities for personal hearing, which they did not avail themselves of. The court also noted that the impugned order considered the replies filed by the petitioner. - However, the court acknowledged the petitioner's partial relief by permitting them to file a statutory appeal before the Appellate Authority within 30 days, subject to pre-depositing the amount as contemplated under Section 107 of the TNGST Act, 2017.
Challenge to summary order passed against the petitioner u/s 74 - The court rejected the petitioner's claim of not being granted a personal hearing, stating that the petitioner was indeed given opportunities for personal hearing, which they did not avail themselves of. The court also noted that the impugned order considered the replies filed by the petitioner. - However, the court acknowledged the petitioner's partial relief by permitting them to file a statutory appeal before the Appellate Authority within 30 days, subject to pre-depositing the amount as contemplated under Section 107 of the TNGST Act, 2017.
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