Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Onus on assessee to explain exorbitant increase in transport expenses and support with proper bills/vouchers, which assessee failed. Sample bills/vouchers not for transport expense, lacking lorry details, origin and destination. Bills for purchase of materials like sand, mentioning 'transportation' but not actual transport expenses. Evidence not explaining abnormal increase in transport expense despite substantial increase in petrol expense. Cogent explanation and complete bills/vouchers lacking, hence addition confirmed by CIT(A) upheld by ITAT. Decided against assessee.
Onus on assessee to explain exorbitant increase in transport expenses and support with proper bills/vouchers, which assessee failed. Sample bills/vouchers not for transport expense, lacking lorry details, origin and destination. Bills for purchase of materials like sand, mentioning 'transportation' but not actual transport expenses. Evidence not explaining abnormal increase in transport expense despite substantial increase in petrol expense. Cogent explanation and complete bills/vouchers lacking, hence addition confirmed by CIT(A) upheld by ITAT. Decided against assessee.
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