Prior Sanction Requirement: absence of prescribed approval invalidates reassessment notice; limitation also bars notice if escaped income below thresh...
Eligibility for exemption depends on strict construction of the product description; reapers without binder are ineligible, but confiscation and penal...
Customs jurisdiction defined for Principal Commissioner, Vishakhapatnam, covering specified ports, districts and India's adjacent EEZ; effective on pu...
Disallowance under section 40(a)(ia) for alleged non deduction of TDS on contractual payments was rejected after appellate verification of party wise ledgers, TDS returns, certificates and tax audit reports; appellate authority found tax deducted where applicable and set aside the assessing officer's blanket disallowance. Alleged nondisclosure based on Form 26AS entries and invocation of section 145(3) was also rejected because the AO relied on incorrect or double counted figures and ignored reconciliations and the assessee's percentage of completion accounting; the appellate authority's acceptance of reconciliations led to deletion of the addition. Both revenue grounds were dismissed.
Disallowance under section 40(a)(ia) for alleged non deduction of TDS on contractual payments was rejected after appellate verification of party wise ledgers, TDS returns, certificates and tax audit reports; appellate authority found tax deducted where applicable and set aside the assessing officer's blanket disallowance. Alleged nondisclosure based on Form 26AS entries and invocation of section 145(3) was also rejected because the AO relied on incorrect or double counted figures and ignored reconciliations and the assessee's percentage of completion accounting; the appellate authority's acceptance of reconciliations led to deletion of the addition. Both revenue grounds were dismissed.
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