Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Unexplained money u/s 69A read with Section 115BBE(1) - no explanation regarding source of cash deposit in savings account - case selected for limited scrutiny, thus recharacterization of income as unexplained u/s 69A beyond scope of limited scrutiny, liable to be struck down. Scope of limited scrutiny upheld for verifying demonetization cash deposits. Cash deposits in November 2016 governed by pre-amended Section 115BBE. Assessee failed to explain nature and source of cash deposit, rightly treated as unexplained money u/s 69A. Income disclosed under "income from other sources" cannot be treated as explained source for cash deposit. Tax rightly levied at 60% u/s 115BBE(1) on unexplained money. Appeal dismissed.
Unexplained money u/s 69A read with Section 115BBE(1) - no explanation regarding source of cash deposit in savings account - case selected for limited scrutiny, thus recharacterization of income as unexplained u/s 69A beyond scope of limited scrutiny, liable to be struck down. Scope of limited scrutiny upheld for verifying demonetization cash deposits. Cash deposits in November 2016 governed by pre-amended Section 115BBE. Assessee failed to explain nature and source of cash deposit, rightly treated as unexplained money u/s 69A. Income disclosed under "income from other sources" cannot be treated as explained source for cash deposit. Tax rightly levied at 60% u/s 115BBE(1) on unexplained money. Appeal dismissed.
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