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...
Customs Assessment Portal centralises classification and valuation guidance to support consistent, transparent and informed compliance across stakehol...
Page of 4918
Press 'Enter' after typing page number.
101 to 120 of 98359 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT allowed assessee's appeal and deleted additions made under sections 68 and 69C read with section 115BBE based on loose documents seized from assessee's residence. The seized documents contained credit limits and financial details of various group concerns under 'Homeland Group' rather than assessee's personal transactions. During remand proceedings, it was established that entries in loose sheets matched books of accounts of respective group concerns. ITAT accepted assessee's contention that documents related to contemplated borrowings to address group's financial crisis, some of which materialized and were properly recorded. Since assessee had no business income, maintained no personal books, and no unexplained assets were found during survey, ITAT concluded transactions belonged to group concerns, not assessee personally.
ITAT allowed assessee's appeal and deleted additions made under sections 68 and 69C read with section 115BBE based on loose documents seized from assessee's residence. The seized documents contained credit limits and financial details of various group concerns under 'Homeland Group' rather than assessee's personal transactions. During remand proceedings, it was established that entries in loose sheets matched books of accounts of respective group concerns. ITAT accepted assessee's contention that documents related to contemplated borrowings to address group's financial crisis, some of which materialized and were properly recorded. Since assessee had no business income, maintained no personal books, and no unexplained assets were found during survey, ITAT concluded transactions belonged to group concerns, not assessee personally.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
