Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
Page of 4916
Press 'Enter' after typing page number.
41 to 60 of 98302 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT deleted additions under s.69B for alleged cash payment for old machinery purchase, finding the printout was not a "speaking document" that could sustain charges without corroborative evidence. The tribunal noted M/s Chetak Enterprises denied receiving cash, and the machinery's market value aligned with the valuation report. Similarly, additions under s.69C for alleged cash payments to suppliers were deleted as there was no admission of cash transactions from either the appellant or recipients, with evidence showing payments were made through banking channels. The ITAT criticized the AO for failing to gather corroborative evidence or allowing cross-examination of the alleged recipients, concluding there was no justification for sustaining either addition.
ITAT deleted additions under s.69B for alleged cash payment for old machinery purchase, finding the printout was not a "speaking document" that could sustain charges without corroborative evidence. The tribunal noted M/s Chetak Enterprises denied receiving cash, and the machinery's market value aligned with the valuation report. Similarly, additions under s.69C for alleged cash payments to suppliers were deleted as there was no admission of cash transactions from either the appellant or recipients, with evidence showing payments were made through banking channels. The ITAT criticized the AO for failing to gather corroborative evidence or allowing cross-examination of the alleged recipients, concluding there was no justification for sustaining either addition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
