Charity-run tree plantation and maintenance for environmental preservation qualifies as "charitable activity", making supplies GST-exempt under Notifi...
Drawings/designs supply and erection supervision fees from German contractor: designs non-taxable; supervision taxed as FTS/PE depending on six-month ...
Imported analyser diagnostic cartridges treated as accessories with analyser system, not standalone diagnostic reagents; extended limitation and penal...
Page of 4817
Press 'Enter' after typing page number.
7661 to 7680 of 96333 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Addition under s.69A for cash deposits was challenged on the ground that the source was unproved. The assessee explained the deposits as arising from painting sales, sale of a portion of ancestral jewellery belonging to the mother supported by a valuation report, and cash gifts received by the son at his engagement, and furnished a cash-flow statement. The appellate authority accepted these explanations as consistent with ordinary human conduct and not disproportionate, and found the supporting evidence credible. As the Revenue only raised doubts on probabilities without rebutting the factual findings or evidence, interference was declined and deletion of the addition was upheld; the Revenue's appeal was dismissed - ITAT
Addition under s.69A for cash deposits was challenged on the ground that the source was unproved. The assessee explained the deposits as arising from painting sales, sale of a portion of ancestral jewellery belonging to the mother supported by a valuation report, and cash gifts received by the son at his engagement, and furnished a cash-flow statement. The appellate authority accepted these explanations as consistent with ordinary human conduct and not disproportionate, and found the supporting evidence credible. As the Revenue only raised doubts on probabilities without rebutting the factual findings or evidence, interference was declined and deletion of the addition was upheld; the Revenue's appeal was dismissed - ITAT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
