Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
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ITAT upheld the AO's addition under Section 69 as unexplained investment, rejecting the assessee's contentions. The tribunal found that the seized incriminating material carried a presumption of correctness under Section 292C of the Income Tax Act. The proceedings were governed by preponderance of probability, not criminal standard of proof beyond reasonable doubt. The assessee's arguments regarding criminal court proceedings and natural justice were dismissed. The tribunal emphasized that the Income Tax Act is a complete code, and the department's findings were based on conclusive evidence. The impugned additions for multiple assessment years were sustained, with the decision rendered in favor of the revenue.
ITAT upheld the AO's addition under Section 69 as unexplained investment, rejecting the assessee's contentions. The tribunal found that the seized incriminating material carried a presumption of correctness under Section 292C of the Income Tax Act. The proceedings were governed by preponderance of probability, not criminal standard of proof beyond reasonable doubt. The assessee's arguments regarding criminal court proceedings and natural justice were dismissed. The tribunal emphasized that the Income Tax Act is a complete code, and the department's findings were based on conclusive evidence. The impugned additions for multiple assessment years were sustained, with the decision rendered in favor of the revenue.
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