CKD/SKD air-conditioner components classifiable with finished units by essential character; prior advance ruling extended three years, FTA benefits po...
Scope of judicial review under Article 226: supervisory, not appellate; factual reappraisal barred, challenge dismissed; insolvency professional dutie...
Courier transshipment of imported goods via named carrier to air cargo stations renewed until 30.01.2026; exemption conditional, strict controls apply...
ITAT allowed the assessee's appeal, deleting additions made u/s 69C and 68. In respect of purchases from the alleged accommodation entry provider, the Tribunal held that the assessee had produced purchase invoices, e-way bills, transport documents, ledger extracts and bank statements evidencing payment through banking channels, and the AO brought no contrary material except a CGST report; the purchases were found to be actually used in manufacturing. For unsecured loans from five creditors, the assessee had filed ITRs, confirmations and bank statements, with no defects identified by AO or CIT(A). Consequently, the CIT(A)'s order was set aside.
ITAT allowed the assessee's appeal, deleting additions made u/s 69C and 68. In respect of purchases from the alleged accommodation entry provider, the Tribunal held that the assessee had produced purchase invoices, e-way bills, transport documents, ledger extracts and bank statements evidencing payment through banking channels, and the AO brought no contrary material except a CGST report; the purchases were found to be actually used in manufacturing. For unsecured loans from five creditors, the assessee had filed ITRs, confirmations and bank statements, with no defects identified by AO or CIT(A). Consequently, the CIT(A)'s order was set aside.
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