Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
The ITAT Indore addressed unexplained cash investment for property purchase post search operation. Addition without cross-examination was challenged. The Tribunal emphasized burden of proof on AO to allow cross-examination of third party whose documents led to addition. Failure to provide cross-examination opportunity led to deletion of alleged cash investment addition. Lack of additional evidence by Revenue and similarity to precedent case resulted in relief for the assessee. The Tribunal ruled in favor of the assessee due to insufficient evidence and failure to adhere to principles of natural justice.
The ITAT Indore addressed unexplained cash investment for property purchase post search operation. Addition without cross-examination was challenged. The Tribunal emphasized burden of proof on AO to allow cross-examination of third party whose documents led to addition. Failure to provide cross-examination opportunity led to deletion of alleged cash investment addition. Lack of additional evidence by Revenue and similarity to precedent case resulted in relief for the assessee. The Tribunal ruled in favor of the assessee due to insufficient evidence and failure to adhere to principles of natural justice.
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