Tax determination against deceased proprietor invalid where no notice to legal representative; appeal rejected without addressing jurisdictional defec...
Revocation of GST registration and permission to file blocked returns; conditional defreezing of bank accounts after security and instalment applicati...
Right to access seized electronic evidence: impugned adjudication treated as additional show cause notice, remand for fresh hearing and return of mate...
Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh...
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Loose sheets recovered in search can carry evidentiary value in income-tax proceedings when they contain contemporaneous transaction details and are fairly corroborated; the statutory presumption against the assessee applied, and a bare denial that the entries were not in the assessee's handwriting was insufficient to rebut it, so the additions based on undisclosed investment were sustained. Excess jewellery claimed as business stock failed on facts because neither the accounts nor wealth-tax returns showed it as stock-in-trade, so it was treated as undisclosed investment. Telescoping of unexplained cash was disallowed because the source of the cash was not satisfactorily established. The Tribunal's common order was upheld and the appeals were dismissed.
Loose sheets recovered in search can carry evidentiary value in income-tax proceedings when they contain contemporaneous transaction details and are fairly corroborated; the statutory presumption against the assessee applied, and a bare denial that the entries were not in the assessee's handwriting was insufficient to rebut it, so the additions based on undisclosed investment were sustained. Excess jewellery claimed as business stock failed on facts because neither the accounts nor wealth-tax returns showed it as stock-in-trade, so it was treated as undisclosed investment. Telescoping of unexplained cash was disallowed because the source of the cash was not satisfactorily established. The Tribunal's common order was upheld and the appeals were dismissed.
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