Imported analyser diagnostic cartridges treated as accessories with analyser system, not standalone diagnostic reagents; extended limitation and penal...
Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
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.
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