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...
Stay of demand - direction as called upon the writ petitioner to make a pre-deposit of 20% - The Delhi High Court dismissed the writ petition challenging the ITAT's order, which denied interim relief to the petitioner. The core issues revolved around the petitioner’s inability to establish a prima facie case, questionable financial stringency claims, and failure to meet the burden of proof under Section 68 regarding the genuineness of certain transactions. The Court found that the ITAT and prior authorities had correctly applied the law, and the petitioner’s financial records did not substantiate their claims. - Appeal of the assessee dismissed.
Stay of demand - direction as called upon the writ petitioner to make a pre-deposit of 20% - The Delhi High Court dismissed the writ petition challenging the ITAT's order, which denied interim relief to the petitioner. The core issues revolved around the petitioner’s inability to establish a prima facie case, questionable financial stringency claims, and failure to meet the burden of proof under Section 68 regarding the genuineness of certain transactions. The Court found that the ITAT and prior authorities had correctly applied the law, and the petitioner’s financial records did not substantiate their claims. - Appeal of the assessee dismissed.
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