Independent show-cause notices remain separate proceedings, while customs adjudication challenges should ordinarily follow the statutory appellate rem...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
The legal judgment addressed various issues. Firstly, regarding addition u/s 68 for unsecured loans, the AO questioned the creditworthiness of the loans. The CIT(A) deleted the additions as the appellant provided detailed evidence of the loans' identity, genuineness, and creditworthiness. The AO's additions were based on surmises and incorrect facts, with issued summons to the wrong address. The appeal on this ground was dismissed. Secondly, ad-hoc disallowance of expenses was made despite the appellant submitting evidence. The CIT(A) rightly deleted the addition, and the appeal on this ground was dismissed. Lastly, the deduction u/s 80IA was initially denied due to the appellant not being an Indian company. However, based on precedents like ABG Heavy Industries Ltd. and BMW Industries Ltd., the deduction was allowed by the CIT(A).
The legal judgment addressed various issues. Firstly, regarding addition u/s 68 for unsecured loans, the AO questioned the creditworthiness of the loans. The CIT(A) deleted the additions as the appellant provided detailed evidence of the loans' identity, genuineness, and creditworthiness. The AO's additions were based on surmises and incorrect facts, with issued summons to the wrong address. The appeal on this ground was dismissed. Secondly, ad-hoc disallowance of expenses was made despite the appellant submitting evidence. The CIT(A) rightly deleted the addition, and the appeal on this ground was dismissed. Lastly, the deduction u/s 80IA was initially denied due to the appellant not being an Indian company. However, based on precedents like ABG Heavy Industries Ltd. and BMW Industries Ltd., the deduction was allowed by the CIT(A).
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