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...
CIT(E) rejected the application for registration u/s 12AB due to inability to determine the genuineness of the assessee's activities, as the assessee failed to furnish details in response to notices. The Tribunal distinguished the case from a prior decision where the assessee had produced documents, and upheld the CIT(E)'s order, finding no infirmity. The assessee's appeal was dismissed.
CIT(E) rejected the application for registration u/s 12AB due to inability to determine the genuineness of the assessee's activities, as the assessee failed to furnish details in response to notices. The Tribunal distinguished the case from a prior decision where the assessee had produced documents, and upheld the CIT(E)'s order, finding no infirmity. The assessee's appeal was dismissed.
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