Social forestry expenditure requires activity-based classification, limiting book-profit adjustments and preserving penalty relief where normal additi...
Inaccurate-particulars penalties fail where transfer-pricing documentation shows good faith and due diligence, and underlying capital-gains additions ...
Transfer-pricing tolerance for software sub-licensing falls within the services range, eliminating the adjustment and requiring TDS-credit verificatio...
Customs Broker due diligence requires prescribed KYC, not detecting misdeclarations discoverable only through physical examination, defeating licence ...
The appellant could not establish the source for cash deposits during demonetization. The Appellate Tribunal held that sales cannot be rejected solely based on higher sales compared to previous periods. The explanation of receiving cash from customers for jewelry sales was considered reasonable. The appellant provided evidence of sufficient cash withdrawals before demonetization, supporting the cash deposits. The Tribunal found the explanation satisfactory, citing a precedent. The Tribunal upheld the deletion of additions by the Commissioner, dismissing the revenue's appeal.
The appellant could not establish the source for cash deposits during demonetization. The Appellate Tribunal held that sales cannot be rejected solely based on higher sales compared to previous periods. The explanation of receiving cash from customers for jewelry sales was considered reasonable. The appellant provided evidence of sufficient cash withdrawals before demonetization, supporting the cash deposits. The Tribunal found the explanation satisfactory, citing a precedent. The Tribunal upheld the deletion of additions by the Commissioner, dismissing the revenue's appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
