Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
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The Appellate Tribunal considered a case involving a revision u/s 263 where the Commissioner held that the expenditure claimed by the assessee for payment to sub-contractors was not genuine. The AO had conducted an inquiry and accepted the claim based on relevant material. The work order served as tangible evidence of the agreement between parties. The Commissioner's doubts were based on suspicion, while the AO's decision was reasonable. The AO's inquiry, even if inadequate, did not render the order erroneous. The Commissioner cannot revise based solely on disagreement. The impugned order was set aside as unsustainable. The assessee's appeal was allowed.
The Appellate Tribunal considered a case involving a revision u/s 263 where the Commissioner held that the expenditure claimed by the assessee for payment to sub-contractors was not genuine. The AO had conducted an inquiry and accepted the claim based on relevant material. The work order served as tangible evidence of the agreement between parties. The Commissioner's doubts were based on suspicion, while the AO's decision was reasonable. The AO's inquiry, even if inadequate, did not render the order erroneous. The Commissioner cannot revise based solely on disagreement. The impugned order was set aside as unsustainable. The assessee's appeal was allowed.
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