Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Monies received through regular banking channels, reflected in balance sheet. Lender furnished confirmations and director's statement recorded. No incriminating evidence found during search. Running account with lender evident from ledgers for multiple years. Source of lender's funds proved. ITAT held genuineness of transactions established, no addition u/s 68 warranted. Decided in assessee's favour.
Monies received through regular banking channels, reflected in balance sheet. Lender furnished confirmations and director's statement recorded. No incriminating evidence found during search. Running account with lender evident from ledgers for multiple years. Source of lender's funds proved. ITAT held genuineness of transactions established, no addition u/s 68 warranted. Decided in assessee's favour.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
