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 holds the assessment order valid despite absence of DSC, finding authentication satisfied by issuance via the Department's official e-mail/ITBA system bearing name and designation of the AO; absence of DSC is at most an irregularity curable under section 292B and does not vitiate the assessment. The Tribunal upholds CIT(A)'s decision rejecting the assessee's challenge to invalidity. Separately, disallowance of insurance premiums under section 37(1) is set aside for further inquiry: the matter is restored to the AO to verify policy status, assignments, assignment endorsements and insurer reports; if policies were assigned but taxed as perquisites, deduction may be allowable-AO to pass a speaking order on remand.
ITAT holds the assessment order valid despite absence of DSC, finding authentication satisfied by issuance via the Department's official e-mail/ITBA system bearing name and designation of the AO; absence of DSC is at most an irregularity curable under section 292B and does not vitiate the assessment. The Tribunal upholds CIT(A)'s decision rejecting the assessee's challenge to invalidity. Separately, disallowance of insurance premiums under section 37(1) is set aside for further inquiry: the matter is restored to the AO to verify policy status, assignments, assignment endorsements and insurer reports; if policies were assigned but taxed as perquisites, deduction may be allowable-AO to pass a speaking order on remand.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
