Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
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Section 153C was upheld where the search warrant named only the searched persons, and the assessee's residence was covered in the course of that search, so the objection that assessment had to be framed under section 153A failed. Commission income from alleged hawala transactions was estimated at 0.3% of turnover because no evidence showed actual receipt and the higher rate was excessive. Cash found during search remained unexplained because the assessee produced no documentary proof to rebut the presumption arising from possession. A seized third-party voucher and loose papers were insufficient without independent corroboration, while the jewellery addition was deleted in light of customary family holdings and prior disclosures.
Section 153C was upheld where the search warrant named only the searched persons, and the assessee's residence was covered in the course of that search, so the objection that assessment had to be framed under section 153A failed. Commission income from alleged hawala transactions was estimated at 0.3% of turnover because no evidence showed actual receipt and the higher rate was excessive. Cash found during search remained unexplained because the assessee produced no documentary proof to rebut the presumption arising from possession. A seized third-party voucher and loose papers were insufficient without independent corroboration, while the jewellery addition was deleted in light of customary family holdings and prior disclosures.
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