Digital Trade Facilitation Bill recognising electronic trade documents and enabling cross border trust services with legal validity and provider oblig...
Addition for alleged bogus accommodation entries was limited by the tribunal to a specified percentage following precedent, so the excess addition was restricted. Depreciation denial was overturned because the assessing officer doubted asset valuation without rejecting books of account or providing valuation basis; surmatory estimates by survey personnel were held insufficient, restoring depreciation. Denial of deduction as a result of delayed return filing was treated as procedural rather than fundamental when the assessee gave reasonable cause and filed Form 10CCB on time, permitting the claim.
Addition for alleged bogus accommodation entries was limited by the tribunal to a specified percentage following precedent, so the excess addition was restricted. Depreciation denial was overturned because the assessing officer doubted asset valuation without rejecting books of account or providing valuation basis; surmatory estimates by survey personnel were held insufficient, restoring depreciation. Denial of deduction as a result of delayed return filing was treated as procedural rather than fundamental when the assessee gave reasonable cause and filed Form 10CCB on time, permitting the claim.
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