Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
