Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Assessee failed to file return of income u/s 139 but received notice u/s 148. Despite opting for presumptive taxation scheme u/s 44AD, which does not require maintaining books of accounts, assessee was liable to maintain books as stipulated u/s 44AA. Assessee cannot claim benefit of not complying with Section 68 regarding unexplained cash deposits in bank account. Assessee was required to explain sources, genuineness, and creditors' creditworthiness regarding cash deposits as per Section 68. Failing to do so, authorities rightly invoked Section 68 and added cash deposits as assessee's income under its deeming fiction. Case laws relied upon by assessee were decided on their own facts and inapplicable. Assessee's appeal dismissed.
Assessee failed to file return of income u/s 139 but received notice u/s 148. Despite opting for presumptive taxation scheme u/s 44AD, which does not require maintaining books of accounts, assessee was liable to maintain books as stipulated u/s 44AA. Assessee cannot claim benefit of not complying with Section 68 regarding unexplained cash deposits in bank account. Assessee was required to explain sources, genuineness, and creditors' creditworthiness regarding cash deposits as per Section 68. Failing to do so, authorities rightly invoked Section 68 and added cash deposits as assessee's income under its deeming fiction. Case laws relied upon by assessee were decided on their own facts and inapplicable. Assessee's appeal dismissed.
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