Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Disallowance u/s 80IB - additional income earned by means of ‘on-money’ - The ITAT found that the project "Rushikesh" fulfilled all conditions for the deduction under section 80IB for the relevant AYs. The Tribunal noted that the additional income disclosed during the search was based on actual profit and loss accounts and should be considered for deduction under section 80IB. The Tribunal upheld the CIT(A)'s decision to delete the addition.
Disallowance u/s 80IB - additional income earned by means of ‘on-money’ - The ITAT found that the project "Rushikesh" fulfilled all conditions for the deduction under section 80IB for the relevant AYs. The Tribunal noted that the additional income disclosed during the search was based on actual profit and loss accounts and should be considered for deduction under section 80IB. The Tribunal upheld the CIT(A)'s decision to delete the addition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
