Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
Dispute concerns tax consequences of purchases of gold coins claimed as business promotion and staff welfare, reassessment treatment of dividend income claimed as exempt, and credits for advance tax and TDS. Tribunal found no independent material to prove purchases were bogus where sellers transactions were accepted as genuine; absence of stock register immaterial where items were immediately distributed and recipient details were produced, so expenditure disallowance under the general business proviso failed. Dividend exemption could not be negated by a computation-sheet adjustment absent reasons in the reassessment order. Relief directed to verify tax credits against Form 26AS.
Dispute concerns tax consequences of purchases of gold coins claimed as business promotion and staff welfare, reassessment treatment of dividend income claimed as exempt, and credits for advance tax and TDS. Tribunal found no independent material to prove purchases were bogus where sellers transactions were accepted as genuine; absence of stock register immaterial where items were immediately distributed and recipient details were produced, so expenditure disallowance under the general business proviso failed. Dividend exemption could not be negated by a computation-sheet adjustment absent reasons in the reassessment order. Relief directed to verify tax credits against Form 26AS.
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