Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Mandating a digital signature to complete an e-assessment is a jurisdictional formality; where the assessment order, computation and demand notice lacked the mandatory digital signature and were effectively antedated, the reassessment was held time-barred and invalid. Separately, the tribunal upheld the appellate finding allowing an extraordinary business loss for fire damage to the extent supported by documentary evidence and insurer reimbursement, concluding revenue failed to overturn those factual findings. The revenue appeal was dismissed, the reassessment quashed for want of mandatory signature and limitation, and the deletion of the addition for the exceptional loss sustained.
Mandating a digital signature to complete an e-assessment is a jurisdictional formality; where the assessment order, computation and demand notice lacked the mandatory digital signature and were effectively antedated, the reassessment was held time-barred and invalid. Separately, the tribunal upheld the appellate finding allowing an extraordinary business loss for fire damage to the extent supported by documentary evidence and insurer reimbursement, concluding revenue failed to overturn those factual findings. The revenue appeal was dismissed, the reassessment quashed for want of mandatory signature and limitation, and the deletion of the addition for the exceptional loss sustained.
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