Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Hon'ble ITAT held that assessee failed to prove business expediency for cash purchases exceeding Rs. 20,000 hence disallowance u/s 40A(3) was justified. Cash deposits in bank account were treated as unexplained income as assessee couldn't prove source. Addition regarding license fee paid to Excise Department was set aside for verification by AO. Assessee's appeal partly allowed for statistical purposes.
Hon'ble ITAT held that assessee failed to prove business expediency for cash purchases exceeding Rs. 20,000 hence disallowance u/s 40A(3) was justified. Cash deposits in bank account were treated as unexplained income as assessee couldn't prove source. Addition regarding license fee paid to Excise Department was set aside for verification by AO. Assessee's appeal partly allowed for statistical purposes.
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