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...
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FERA proceedings initiated based on show cause notice alleging misdeclaration of export goods value were dropped by Enforcement Directorate against assessee. Income tax additions made relying on documents seized during search, relating to subsequent years, were untenable as foundation of proceedings under 1961 Act stood nullified. Appellate Tribunal rightly held that no additions could be made in returned income for the year to which documents did not pertain, after FERA proceedings were quashed. No factual or legal infirmity in impugned orders.
FERA proceedings initiated based on show cause notice alleging misdeclaration of export goods value were dropped by Enforcement Directorate against assessee. Income tax additions made relying on documents seized during search, relating to subsequent years, were untenable as foundation of proceedings under 1961 Act stood nullified. Appellate Tribunal rightly held that no additions could be made in returned income for the year to which documents did not pertain, after FERA proceedings were quashed. No factual or legal infirmity in impugned orders.
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