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...
Central Government exercised powers under s.138(1)(a)(ii) of Income Tax Act 1961 to designate Joint Secretary, DFPD as authorized official for accessing income tax information. This authorization specifically enables data sharing to identify eligible beneficiaries under PMGKAY scheme. The notification extends legal authority for inter-departmental information exchange between tax authorities and food security administration, facilitating targeted welfare distribution while maintaining statutory compliance for confidential tax data access. The designation streamlines administrative processes for beneficiary verification through official income records.
Central Government exercised powers under s.138(1)(a)(ii) of Income Tax Act 1961 to designate Joint Secretary, DFPD as authorized official for accessing income tax information. This authorization specifically enables data sharing to identify eligible beneficiaries under PMGKAY scheme. The notification extends legal authority for inter-departmental information exchange between tax authorities and food security administration, facilitating targeted welfare distribution while maintaining statutory compliance for confidential tax data access. The designation streamlines administrative processes for beneficiary verification through official income records.
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