Change of corporate management after approved resolution plan - writ maintainable; property attachment not 'transfer' under PBPT; Section 32A protecti...
Annuloplasty band classification as implanted therapeutic appliance, not anatomical replacement, resulting in classification under tariff heading for ...
Unverifiable purchases and unreliable account records justified rejection of books and estimation of gross profit by applying the average gross profit rate of the preceding two years, because the assessee failed to produce primary supporting material and enquiries showed most purchase parties were non-genuine. The addition based on estimated profit was sustained for AY 2021-22. Cash deposited in the bank during the demonetisation period was also treated as unexplained money, as the deposit was verified from bank information and the assessee furnished no supporting evidence for its source. The addition under section 69A was confirmed for AY 2017-18.
Unverifiable purchases and unreliable account records justified rejection of books and estimation of gross profit by applying the average gross profit rate of the preceding two years, because the assessee failed to produce primary supporting material and enquiries showed most purchase parties were non-genuine. The addition based on estimated profit was sustained for AY 2021-22. Cash deposited in the bank during the demonetisation period was also treated as unexplained money, as the deposit was verified from bank information and the assessee furnished no supporting evidence for its source. The addition under section 69A was confirmed for AY 2017-18.
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