Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
The HC condoned the delay of 98 days in filing the appeal. The appellant's services were disrupted due to a raid, and the accountant entrusted with filing the appeal failed to perform his duty, leading to his termination. The HC found the delay reasonable and allowed the appeal, favoring adjudication on merits over dismissal on technical grounds of limitation.
The HC condoned the delay of 98 days in filing the appeal. The appellant's services were disrupted due to a raid, and the accountant entrusted with filing the appeal failed to perform his duty, leading to his termination. The HC found the delay reasonable and allowed the appeal, favoring adjudication on merits over dismissal on technical grounds of limitation.
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