Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
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On addition under s.68 r.w.s. 115BBE for an unsecured loan, the tribunal held that the loan stood established as genuine on parity with an earlier decision involving identical facts and allegations, and therefore deleted the addition. On addition under s.69A r.w.s. 115BBE for cash-in-hand treated as unexplained, it held that the cash was duly recorded in the books of multiple group entities and the source was thus explained; the deletion by the first appellate authority was upheld and the Revenue's ground was dismissed. On disallowance under s.37(1), it held that the AO made a double addition despite the assessee's own disallowance in computation; the deletion was sustained. - ITAT
On addition under s.68 r.w.s. 115BBE for an unsecured loan, the tribunal held that the loan stood established as genuine on parity with an earlier decision involving identical facts and allegations, and therefore deleted the addition. On addition under s.69A r.w.s. 115BBE for cash-in-hand treated as unexplained, it held that the cash was duly recorded in the books of multiple group entities and the source was thus explained; the deletion by the first appellate authority was upheld and the Revenue's ground was dismissed. On disallowance under s.37(1), it held that the AO made a double addition despite the assessee's own disallowance in computation; the deletion was sustained. - ITAT
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