Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
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HC upheld the deletion of addition u/s 69 made on the basis of a notarized agreement recovered during survey proceedings. The AO/DDIT had relied solely on the agreement, without issuing summons to the third party or conducting independent investigation to verify its contents or to establish any actual flow of funds. CIT(A) and the Tribunal found that the assessee had, prior to the survey, lodged complaints before the PMO and Home Ministry alleging coercion in signing the agreement, reinforcing the claim that the document was not voluntary. In absence of corroborative evidence such as bank transactions or other material linking the assessee to unexplained investment, the addition was held unsustainable. HC concluded that the concurrent findings of CIT(A) and Tribunal were factual and reasonable, and that no substantial question of law arose, thereby dismissing the revenue's appeal.
HC upheld the deletion of addition u/s 69 made on the basis of a notarized agreement recovered during survey proceedings. The AO/DDIT had relied solely on the agreement, without issuing summons to the third party or conducting independent investigation to verify its contents or to establish any actual flow of funds. CIT(A) and the Tribunal found that the assessee had, prior to the survey, lodged complaints before the PMO and Home Ministry alleging coercion in signing the agreement, reinforcing the claim that the document was not voluntary. In absence of corroborative evidence such as bank transactions or other material linking the assessee to unexplained investment, the addition was held unsustainable. HC concluded that the concurrent findings of CIT(A) and Tribunal were factual and reasonable, and that no substantial question of law arose, thereby dismissing the revenue's appeal.
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