Unverified Insight Portal Information Cannot Justify Reassessment Without a Verified Taxpayer-Specific Income-Escape Nexus or Demonstrated Application...
Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
The Assessing Officer (AO) erred in considering the agreed rent as per the agreement instead of the actual rent received from M/s. Mobivil Technologies India Pvt. Ltd. of Rs. 3,74,879/- and TDS deducted thereon of Rs. 37,492/-. The addition made by the AO on the difference between the actual rent received and agreed rent was unjustified. The assessee raised bills under "office rent" and paid CGST & SGST on the monthly rent received. Therefore, the addition made by the AO and confirmed by the CIT(A) was deleted.
The Assessing Officer (AO) erred in considering the agreed rent as per the agreement instead of the actual rent received from M/s. Mobivil Technologies India Pvt. Ltd. of Rs. 3,74,879/- and TDS deducted thereon of Rs. 37,492/-. The addition made by the AO on the difference between the actual rent received and agreed rent was unjustified. The assessee raised bills under "office rent" and paid CGST & SGST on the monthly rent received. Therefore, the addition made by the AO and confirmed by the CIT(A) was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
