All appeals dismissed; finding of anti-competitive bid-rigging upheld under Sections 3(3)(c), 3(3)(d) read with 3(1); cease-and-desist and total-turno...
Central Government notifies 11.541-hectare Special Economic Zone for semiconductor manufacturing; Approval Committee constituted, ICD status effective...
Government appoints National Customs Targeting Centre-Passenger director as customs officer with powers under PNR Regulations, 2022 and Sections 30A, ...
ITAT held that invocation of section 41(1) against the assessee raised triable issues touching prima facie case, balance of convenience and irreparable loss, but the impugned addition cannot stand without examination of newly-tendered documentary evidence. The Tribunal restored the matter to the file of the AO for de novo adjudication, directing the AO to verify confirmations of balances, sample purchase invoices and bank statements evidencing subsequent payments, and to afford the assessee a fair opportunity of hearing before passing fresh order in accordance with law. The appeal is disposed of in favour of the assessee for statistical purposes.
ITAT held that invocation of section 41(1) against the assessee raised triable issues touching prima facie case, balance of convenience and irreparable loss, but the impugned addition cannot stand without examination of newly-tendered documentary evidence. The Tribunal restored the matter to the file of the AO for de novo adjudication, directing the AO to verify confirmations of balances, sample purchase invoices and bank statements evidencing subsequent payments, and to afford the assessee a fair opportunity of hearing before passing fresh order in accordance with law. The appeal is disposed of in favour of the assessee for statistical purposes.
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