Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
ITAT restored multiple grounds to the file of the AO and CIT(A). Ground No.2 (tree-cut compensation) was remitted to the AO for verification of genuineness and for the assessee to produce detailed payments and court orders to substantiate capital expenditure. Ground No.3 (provision for obsolescence/MAT add-back) was remitted for the AO to determine whether the sum is a provision within Explanation 1(i) to s.115JB or an actual write-off; if an actual write-off, it need not be added back. The appeal against taxability of compensation under the RFCTLARR Act was restored to the file of the CIT(A) for fresh adjudication on the claim of exemption.
ITAT restored multiple grounds to the file of the AO and CIT(A). Ground No.2 (tree-cut compensation) was remitted to the AO for verification of genuineness and for the assessee to produce detailed payments and court orders to substantiate capital expenditure. Ground No.3 (provision for obsolescence/MAT add-back) was remitted for the AO to determine whether the sum is a provision within Explanation 1(i) to s.115JB or an actual write-off; if an actual write-off, it need not be added back. The appeal against taxability of compensation under the RFCTLARR Act was restored to the file of the CIT(A) for fresh adjudication on the claim of exemption.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
