PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
The ITAT dismissed the Revenue's appeal challenging deletion of additions on account of alleged bogus purchases of raw boneless meat and round tripping of funds. The assessee demonstrated that its factory premises had been leased to a third-party company, with rent payments and ledger entries substantiating that no manufacturing or trading activities were carried out by it during the relevant period. The Tribunal held that the AO had proceeded on an incorrect factual premise and that the CIT(A) had correctly appreciated the factual matrix in deleting the addition.
The ITAT dismissed the Revenue's appeal challenging deletion of additions on account of alleged bogus purchases of raw boneless meat and round tripping of funds. The assessee demonstrated that its factory premises had been leased to a third-party company, with rent payments and ledger entries substantiating that no manufacturing or trading activities were carried out by it during the relevant period. The Tribunal held that the AO had proceeded on an incorrect factual premise and that the CIT(A) had correctly appreciated the factual matrix in deleting the addition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
