India-UK treaty characterisation of telecom-service receipts as business profits withstands unilateral domestic-law amendments for Indian tax purposes...
Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
Benami transaction case involving appellant's purchase of assets including chit funds in name of Rajesh. Sworn statements u/s 132(4) of Income Tax Act accepted as evidence despite appellant's objections. Appellant failed to substantiate income sources like poultry or agriculture. Village Executive Officer's certificate based on inquiry, not revenue records. Bank account deposits linked to Rajesh's firm. Maturity amounts from chits transferred to Rajesh's firm without explanation. Discrepancies in agricultural land details. Adjudicating Authority's critical analysis upheld, finding benami transactions based on evidence like statements, fund transfers, and lack of proper income proof.
Benami transaction case involving appellant's purchase of assets including chit funds in name of Rajesh. Sworn statements u/s 132(4) of Income Tax Act accepted as evidence despite appellant's objections. Appellant failed to substantiate income sources like poultry or agriculture. Village Executive Officer's certificate based on inquiry, not revenue records. Bank account deposits linked to Rajesh's firm. Maturity amounts from chits transferred to Rajesh's firm without explanation. Discrepancies in agricultural land details. Adjudicating Authority's critical analysis upheld, finding benami transactions based on evidence like statements, fund transfers, and lack of proper income proof.
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TaxTMI 
TaxTMI 
of 4868 
