Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Deduction u/s 80-O - brandishing newspaper cuttings as proof to show 'information concerning commercial knowledge and experience' - The High Court noted that the information consisted primarily of newspaper cuttings, which do not inherently constitute commercial knowledge as required u/s 80-O. - The Court determined that the approval granted by the CCIT for prior assessment years did not extend unconditionally to subsequent years. It was subject to verification by the Assessing Officer (AO) regarding the actual nature of services provided and their compliance with the stipulations of section 80-O.
Deduction u/s 80-O - brandishing newspaper cuttings as proof to show 'information concerning commercial knowledge and experience' - The High Court noted that the information consisted primarily of newspaper cuttings, which do not inherently constitute commercial knowledge as required u/s 80-O. - The Court determined that the approval granted by the CCIT for prior assessment years did not extend unconditionally to subsequent years. It was subject to verification by the Assessing Officer (AO) regarding the actual nature of services provided and their compliance with the stipulations of section 80-O.
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