Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The HC dismissed the appeal, holding that no substantial question of law arose from the ITAT's order. The ITAT had allowed the assessee's claim for benefits u/ss 11 and 12, and for carrying forward losses for 7 assessment years. The HC found that the appellant had merely disputed factual findings under the guise of substantial questions of law, which is impermissible. The ITAT's order was well-reasoned, without any perversity, after considering all grounds raised by the appellant.
The HC dismissed the appeal, holding that no substantial question of law arose from the ITAT's order. The ITAT had allowed the assessee's claim for benefits u/ss 11 and 12, and for carrying forward losses for 7 assessment years. The HC found that the appellant had merely disputed factual findings under the guise of substantial questions of law, which is impermissible. The ITAT's order was well-reasoned, without any perversity, after considering all grounds raised by the appellant.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
