Tax appeal allowed: AO exceeded s.144C DRP mandate by introducing new findings and recharacterising non-resident receipts as permanent establishment i...
Anonymized petitioner gets partial relief: bank guarantee quashed, PVC-coated fabric released under reduced conditions while valuation proceedings con...
AT partly allowed the appeal and directed the respondent to permit inspection and production of investigatory material to the appellant to the extent necessary to test the charges. The respondent must provide the chats between the appellant and any entity, copies of statements of fund managers, documents seized from the appellant's desk, the daily register maintained by the asset manager, and the appellant's trade logs and the Big Client's trade details limited to scrip, quantum and time of order placement. Entire third-party chats may be withheld to protect privacy. The respondent's reliance on call data records was rejected and the appellant is entitled to his call details. No direction is given concerning production of a Section 65B certificate.
AT partly allowed the appeal and directed the respondent to permit inspection and production of investigatory material to the appellant to the extent necessary to test the charges. The respondent must provide the chats between the appellant and any entity, copies of statements of fund managers, documents seized from the appellant's desk, the daily register maintained by the asset manager, and the appellant's trade logs and the Big Client's trade details limited to scrip, quantum and time of order placement. Entire third-party chats may be withheld to protect privacy. The respondent's reliance on call data records was rejected and the appellant is entitled to his call details. No direction is given concerning production of a Section 65B certificate.
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