Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
The case involved a dispute over the appealability of assessments and the refund of excess customs duty payment. The appellate tribunal held that the refund claim was rejected as it was not part of the final reassessment order. The appellant should have challenged the final reassessment order to modify the amount. Refund proceedings cannot alter assessments unless modified. All assessments, including self-assessments, are appealable. The appellant's claim for refund was rightly rejected, citing the principle of unjust enrichment. The appeal was dismissed as there were no merits.
The case involved a dispute over the appealability of assessments and the refund of excess customs duty payment. The appellate tribunal held that the refund claim was rejected as it was not part of the final reassessment order. The appellant should have challenged the final reassessment order to modify the amount. Refund proceedings cannot alter assessments unless modified. All assessments, including self-assessments, are appealable. The appellant's claim for refund was rightly rejected, citing the principle of unjust enrichment. The appeal was dismissed as there were no merits.
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