Tax determination against deceased proprietor invalid where no notice to legal representative; appeal rejected without addressing jurisdictional defec...
Revocation of GST registration and permission to file blocked returns; conditional defreezing of bank accounts after security and instalment applicati...
Right to access seized electronic evidence: impugned adjudication treated as additional show cause notice, remand for fresh hearing and return of mate...
Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh...
Addition under ss. 69 and 69C for alleged unexplained investment and expenditure in purchase of immovable property held jointly with the assessee's parent was unsustainable because the assessee established the source of funds as amounts received from the other parent's accumulated salary and pension savings, and the revenue failed to rebut this explanation. The absence of old retirement documents was not treated as fatal given the long lapse of time since retirement and the availability of fund-utilization details for the purchase consideration and incidental expenses. The additions were directed to be deleted and the appeal was allowed - ITAT
Addition under ss. 69 and 69C for alleged unexplained investment and expenditure in purchase of immovable property held jointly with the assessee's parent was unsustainable because the assessee established the source of funds as amounts received from the other parent's accumulated salary and pension savings, and the revenue failed to rebut this explanation. The absence of old retirement documents was not treated as fatal given the long lapse of time since retirement and the availability of fund-utilization details for the purchase consideration and incidental expenses. The additions were directed to be deleted and the appeal was allowed - ITAT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
