Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
Addition under s.69A for cash deposits was challenged on the ground that the deposits were explained by debtor collections and past savings/opening balance, a factual explanation allegedly not properly examined by the AO/CIT(A). The matter was remitted to the AO for fresh verification on merits and decision in accordance with law. Separately, penalty under s.271B was upheld because the obligation to get accounts audited under s.44AB is independent of the obligation to maintain books under s.44AA, and levy of penalty under s.271A is not a precondition for penalty under s.271B; absence of audit justified confirmation of penalty. - ITAT
Addition under s.69A for cash deposits was challenged on the ground that the deposits were explained by debtor collections and past savings/opening balance, a factual explanation allegedly not properly examined by the AO/CIT(A). The matter was remitted to the AO for fresh verification on merits and decision in accordance with law. Separately, penalty under s.271B was upheld because the obligation to get accounts audited under s.44AB is independent of the obligation to maintain books under s.44AA, and levy of penalty under s.271A is not a precondition for penalty under s.271B; absence of audit justified confirmation of penalty. - ITAT
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