Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
Deduction for donation to a political party under section 80-GGC was denied because the assessee failed to prove the genuineness of the alleged contribution on the overall facts. Although the payment was routed through banking channels and receipts were produced, the Tribunal found these factors insufficient, noting material indicating circuitous donation transactions, absence of any supporting material showing the party's presence or nexus with the assessee, and the unusual circumstance that this was the assessee's only claimed philanthropic activity and a substantial profit-linked claim. The Tribunal upheld the disallowance. The challenge to initiation of penalty proceedings under section 270A was treated as premature and not entertained.
Deduction for donation to a political party under section 80-GGC was denied because the assessee failed to prove the genuineness of the alleged contribution on the overall facts. Although the payment was routed through banking channels and receipts were produced, the Tribunal found these factors insufficient, noting material indicating circuitous donation transactions, absence of any supporting material showing the party's presence or nexus with the assessee, and the unusual circumstance that this was the assessee's only claimed philanthropic activity and a substantial profit-linked claim. The Tribunal upheld the disallowance. The challenge to initiation of penalty proceedings under section 270A was treated as premature and not entertained.
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