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Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Provision of section 145(3) invoked without satisfying conditions - books of accounts rejected without following proper procedure u/s 144. Gross profit addition made instead of excess stock found, ignoring documentary evidence. Statement alone cannot be basis for addition as per apex court ruling. Excess stock forming part of closing stock demonstrated through CA certificate, hence no separate addition required. Bogus expenses declared during survey were from assessee's own cash available, not requiring cash flow statement. Grounds raised by assessee allowed by ITAT.
Provision of section 145(3) invoked without satisfying conditions - books of accounts rejected without following proper procedure u/s 144. Gross profit addition made instead of excess stock found, ignoring documentary evidence. Statement alone cannot be basis for addition as per apex court ruling. Excess stock forming part of closing stock demonstrated through CA certificate, hence no separate addition required. Bogus expenses declared during survey were from assessee's own cash available, not requiring cash flow statement. Grounds raised by assessee allowed by ITAT.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
