Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
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Validity of additions made u/s 153A, 69C, 68, and 69A of the Income Tax Act. It discusses the lack of incriminating material or documents found during the search to justify additions based on the Department Valuation Officer's report. The summary cites relevant case laws, including Narula Educational Trust, Abhisar Buildwell P. Ltd., B.G.Shirke Construction Technology Pvt Ltd., and Dialust, to support the arguments. It also addresses the issue of additions made based on the departmental valuation report, highlighting the lack of proper inquiry by the Assessing Officer. Additionally, it covers the addition u/s 68 towards unsecured loans, stating that the addition was unjustified as the assessee proved the genuineness of the transactions. The summary provides a concise overview of the critical legal issues and arguments presented in the case.
Validity of additions made u/s 153A, 69C, 68, and 69A of the Income Tax Act. It discusses the lack of incriminating material or documents found during the search to justify additions based on the Department Valuation Officer's report. The summary cites relevant case laws, including Narula Educational Trust, Abhisar Buildwell P. Ltd., B.G.Shirke Construction Technology Pvt Ltd., and Dialust, to support the arguments. It also addresses the issue of additions made based on the departmental valuation report, highlighting the lack of proper inquiry by the Assessing Officer. Additionally, it covers the addition u/s 68 towards unsecured loans, stating that the addition was unjustified as the assessee proved the genuineness of the transactions. The summary provides a concise overview of the critical legal issues and arguments presented in the case.
Note: It is a system-generated summary and is for quick reference only.