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...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The Assessing Officer (AO) made an addition to the stock based on a search, relying on statements from the General Manager and Director. The stock update process was detailed, explaining delays in updating due to ongoing search activities. Discrepancies arose as the search team described stock differently from the actual materials. Statements confirmed stock maintenance at the Head Office, not the plant level. The AO solely relied on statements for the addition, misinterpreting the accounting of finished goods. No evidence of unaccounted sales was found, leading to the allowance of the assessee's appeal by the Appellate Tribunal (ITAT).
The Assessing Officer (AO) made an addition to the stock based on a search, relying on statements from the General Manager and Director. The stock update process was detailed, explaining delays in updating due to ongoing search activities. Discrepancies arose as the search team described stock differently from the actual materials. Statements confirmed stock maintenance at the Head Office, not the plant level. The AO solely relied on statements for the addition, misinterpreting the accounting of finished goods. No evidence of unaccounted sales was found, leading to the allowance of the assessee's appeal by the Appellate Tribunal (ITAT).
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