Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
ITAT remanded matters concerning discrepancies between Form 26AS receipts and ITR, and rejection of trading results back to AO for de novo consideration. Assessee failed to adequately explain mobilization advances and reconciliation differences. CIT(A)'s order was deemed cryptic and non-speaking regarding GP ratio mismatch. AO directed to re-examine gross profit after assessee provides documentary evidence. Assessee bears responsibility to substantiate claims during consequential proceedings. If assessee fails to respond to notices or provide required documentation, AO empowered to adjudicate based on available facts and law. Revenue's grounds allowed for statistical purposes.
ITAT remanded matters concerning discrepancies between Form 26AS receipts and ITR, and rejection of trading results back to AO for de novo consideration. Assessee failed to adequately explain mobilization advances and reconciliation differences. CIT(A)'s order was deemed cryptic and non-speaking regarding GP ratio mismatch. AO directed to re-examine gross profit after assessee provides documentary evidence. Assessee bears responsibility to substantiate claims during consequential proceedings. If assessee fails to respond to notices or provide required documentation, AO empowered to adjudicate based on available facts and law. Revenue's grounds allowed for statistical purposes.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
