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...
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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