Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
ITAT allows assessee's appeals, directing AO to delete multiple additions to income. The tribunal found no merit in additions related to flat purchase, advances, and unexplained investments. Specifically, the court determined that the AO made additions without establishing clear factual basis, incorrectly invoked statutory provisions, and estimated undisclosed income without cogent supporting material. The matter is partially remanded for fresh assessment, with the AO directed to verify facts, provide opportunity to the assessee, and charge correct income. The assessee is instructed to remain cooperative during proceedings and not seek frivolous adjournments.
ITAT allows assessee's appeals, directing AO to delete multiple additions to income. The tribunal found no merit in additions related to flat purchase, advances, and unexplained investments. Specifically, the court determined that the AO made additions without establishing clear factual basis, incorrectly invoked statutory provisions, and estimated undisclosed income without cogent supporting material. The matter is partially remanded for fresh assessment, with the AO directed to verify facts, provide opportunity to the assessee, and charge correct income. The assessee is instructed to remain cooperative during proceedings and not seek frivolous adjournments.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4790
Join Channel
TaxTMI 
