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...
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Dominant issue: whether "other expenses" debited to P&L but subsequently capitalized as project cost could be disallowed. Reasoning: AO failed to verify documentary evidence and ignored audited financial statements; CIT(A)'s reliance on P&L debit was without proper appreciation. Outcome: matter remanded to assessing officer for limited verification and enquiry, not sustained as disallowance. Secondary issue: whether section 41(1) applies for cessation of liability where creditor wrote off the debt. Reasoning: liability continued in assessee's books with no unilateral remission or bilateral settlement; creditor's write-off alone does not extinguish liability and natural justice was violated by relying solely on creditor's assessment. Outcome: s.41(1) disallowance held not attracted; decision for assessee. - ITAT
Dominant issue: whether "other expenses" debited to P&L but subsequently capitalized as project cost could be disallowed. Reasoning: AO failed to verify documentary evidence and ignored audited financial statements; CIT(A)'s reliance on P&L debit was without proper appreciation. Outcome: matter remanded to assessing officer for limited verification and enquiry, not sustained as disallowance. Secondary issue: whether section 41(1) applies for cessation of liability where creditor wrote off the debt. Reasoning: liability continued in assessee's books with no unilateral remission or bilateral settlement; creditor's write-off alone does not extinguish liability and natural justice was violated by relying solely on creditor's assessment. Outcome: s.41(1) disallowance held not attracted; decision for assessee. - ITAT
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