Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Page of 4828
Press 'Enter' after typing page number.
7381 to 7400 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Revenue's appeal before ITAT was dismissed. ITAT upheld CIT(A)'s acceptance of additional evidence under Rule 46A, noting that the material was remanded to the AO and no remand report was furnished despite repeated reminders; thus there was no violation of Rule 46A. On merits, ITAT sustained CIT(A)'s deletion of additions relating to discrepancies in sales turnover, trade payables, and current liabilities, finding that reconciliations, third-party confirmations under s.133(6), and supporting records fully justified the assessee's position. ITAT also affirmed deletion of addition towards exceptional charges/expenses, holding that the assessee had already made a suo motu disallowance under s.37 and any further disallowance would result in double addition.
Revenue's appeal before ITAT was dismissed. ITAT upheld CIT(A)'s acceptance of additional evidence under Rule 46A, noting that the material was remanded to the AO and no remand report was furnished despite repeated reminders; thus there was no violation of Rule 46A. On merits, ITAT sustained CIT(A)'s deletion of additions relating to discrepancies in sales turnover, trade payables, and current liabilities, finding that reconciliations, third-party confirmations under s.133(6), and supporting records fully justified the assessee's position. ITAT also affirmed deletion of addition towards exceptional charges/expenses, holding that the assessee had already made a suo motu disallowance under s.37 and any further disallowance would result in double addition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
