Educational approval requires mandatory State registration, but incidental surplus and trustee-owned land do not prove private benefit or profit motiv...
Judicial review of settlement orders cannot reopen settled customs notices, while statutory interest remains subject to verification and quantificatio...
Customs Broker licence lending for consideration justified revocation where exporter authorisation and client verification obligations were also breac...
Fraudulent import documents suspend limitation protection, while redemption of confiscated goods requires duty and interest despite bona fide purchase...
ODR arbitration participation remains mandatory after failed conciliation, while jurisdictional and maintainability objections stay available before t...
Transparency in technical bid evaluation requires disclosed standards and recorded reasons; opaque scoring invalidated tender awards and required fres...
Automated export obligation extensions remove separate regional applications after committee approval for Advance Authorisation and EPCG authorisation...
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The ITAT upheld the addition of Rs. 1.60 crores as business income surrendered during the survey, confirming suppression of scrap sale proceeds linked to the assessee's manufacturing activity. The Tribunal affirmed the CIT(A)'s deletion of additions totaling Rs. 34,51,288 arising from seized documents and unsecured loans, as the assessee satisfactorily demonstrated the genuineness and source of these transactions with supporting evidence. However, the extrapolation of unexplained wages and salary payments beyond the survey date was disallowed; the Tribunal restricted additions to the period up to 08.10.2018, consistent with documentary proof and judicial precedents. Consequently, the addition of Rs. 1,02,10,256/- on this account was deleted. The appeal was partly allowed, sustaining the survey-related income addition but deleting other contested additions.
The ITAT upheld the addition of Rs. 1.60 crores as business income surrendered during the survey, confirming suppression of scrap sale proceeds linked to the assessee's manufacturing activity. The Tribunal affirmed the CIT(A)'s deletion of additions totaling Rs. 34,51,288 arising from seized documents and unsecured loans, as the assessee satisfactorily demonstrated the genuineness and source of these transactions with supporting evidence. However, the extrapolation of unexplained wages and salary payments beyond the survey date was disallowed; the Tribunal restricted additions to the period up to 08.10.2018, consistent with documentary proof and judicial precedents. Consequently, the addition of Rs. 1,02,10,256/- on this account was deleted. The appeal was partly allowed, sustaining the survey-related income addition but deleting other contested additions.
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