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...
Reopening of assessment u/s 147 was invalid as Assessing Officer (AO) failed to record that assessee did not disclose fully and truly all material facts necessary for assessment. For second round of reassessment on share premium received, reopening was based on change of opinion, which is impermissible. Investigation wing's report alone is insufficient as survey statements lack evidentiary value. Failure to disclose survey details in first reopening does not constitute failure u/s 147. Decided in assessee's favor.
Reopening of assessment u/s 147 was invalid as Assessing Officer (AO) failed to record that assessee did not disclose fully and truly all material facts necessary for assessment. For second round of reassessment on share premium received, reopening was based on change of opinion, which is impermissible. Investigation wing's report alone is insufficient as survey statements lack evidentiary value. Failure to disclose survey details in first reopening does not constitute failure u/s 147. Decided in assessee's favor.
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