Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
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...
Mere change of opinion cannot justify setting aside provisional assessments. Eligibility for abatement on value of bought-out items cannot be denied without findings on availment of CENVAT credit. Non-verification of actual purchase price of directly supplied bought-out items is not a valid ground for setting aside assessments. Appellate Authority erred by setting aside assessments based on change of opinion without finding violation of guidelines or revenue loss. Assessments finalized following Office Memorandum guidelines are binding unless resulting in revenue loss. Impugned order set aside, appeal allowed.
Mere change of opinion cannot justify setting aside provisional assessments. Eligibility for abatement on value of bought-out items cannot be denied without findings on availment of CENVAT credit. Non-verification of actual purchase price of directly supplied bought-out items is not a valid ground for setting aside assessments. Appellate Authority erred by setting aside assessments based on change of opinion without finding violation of guidelines or revenue loss. Assessments finalized following Office Memorandum guidelines are binding unless resulting in revenue loss. Impugned order set aside, appeal allowed.
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TaxTMI 
TaxTMI 
