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...
Penalty order u/s 129(3) - penalty order subsequent to search and seizure of the godown - In light of the above precedent and considering the facts of the present case, the High Court finds that the penalty proceedings initiated against the petitioner are not justified. Therefore, the impugned orders are quashed and set aside.
Penalty order u/s 129(3) - penalty order subsequent to search and seizure of the godown - In light of the above precedent and considering the facts of the present case, the High Court finds that the penalty proceedings initiated against the petitioner are not justified. Therefore, the impugned orders are quashed and set aside.
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