Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
The Assessing Officer failed to pass a detailed speaking order explaining the rationale for enhancing the declared value of aluminum scrap imported by the respondent company. The matter was decided based on the Supreme Court's judgment in Sanjivani Non-Ferrous Trading, but without examining the applicability of the judgment to the present case. The Commissioner (Appeals) upheld the decision without proper examination of facts and law. Consequently, the CESTAT remanded the matter to the Assessing Officer to pass a fresh speaking order after considering the relevant facts and the applicability of the Supreme Court judgment.
The Assessing Officer failed to pass a detailed speaking order explaining the rationale for enhancing the declared value of aluminum scrap imported by the respondent company. The matter was decided based on the Supreme Court's judgment in Sanjivani Non-Ferrous Trading, but without examining the applicability of the judgment to the present case. The Commissioner (Appeals) upheld the decision without proper examination of facts and law. Consequently, the CESTAT remanded the matter to the Assessing Officer to pass a fresh speaking order after considering the relevant facts and the applicability of the Supreme Court judgment.
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