Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Additional evidence before the first appellate authority was held not to offend Rule 46A where the comparative cash-deposit chart was only a presentation derived from cash book and bank book already on record before the AO, so remand was unnecessary. On the merits, cash deposits made during demonetisation were accepted as explained because the assessee maintained audited books, showed cash balance and business cash flow, and the AO had not rejected the books or produced contrary evidence. The addition under section 69A was therefore unsustainable, and the Revenue's appeal was dismissed.
Additional evidence before the first appellate authority was held not to offend Rule 46A where the comparative cash-deposit chart was only a presentation derived from cash book and bank book already on record before the AO, so remand was unnecessary. On the merits, cash deposits made during demonetisation were accepted as explained because the assessee maintained audited books, showed cash balance and business cash flow, and the AO had not rejected the books or produced contrary evidence. The addition under section 69A was therefore unsustainable, and the Revenue's appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4807
Join Channel
TaxTMI 
