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...
Reopening of assessment held invalid due to lack of factual basis and non-application of mind by Revenue. Assessee had already disclosed relevant income from commodity transactions in return and supporting documents. Notice u/s 148 and order rejecting objections quashed, being legally unsustainable.
Reopening of assessment held invalid due to lack of factual basis and non-application of mind by Revenue. Assessee had already disclosed relevant income from commodity transactions in return and supporting documents. Notice u/s 148 and order rejecting objections quashed, being legally unsustainable.
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