Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
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Reassessment jurisdiction was upheld where the Assessing Officer relied on tangible material, including an Investigation Wing report, bank account analysis, field enquiries and a sworn statement, to form an independent belief that income had escaped assessment. The Tribunal found a rational live link between the material and the reopening reasons, noting that the transactions were specifically identified, were not based on mere suspicion, and reflected the officer's own examination rather than borrowed satisfaction. On that basis, the challenge to jurisdiction failed and the reopening was sustained.
Reassessment jurisdiction was upheld where the Assessing Officer relied on tangible material, including an Investigation Wing report, bank account analysis, field enquiries and a sworn statement, to form an independent belief that income had escaped assessment. The Tribunal found a rational live link between the material and the reopening reasons, noting that the transactions were specifically identified, were not based on mere suspicion, and reflected the officer's own examination rather than borrowed satisfaction. On that basis, the challenge to jurisdiction failed and the reopening was sustained.
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