Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
Assessment was held time-barred where clause (xii) of Explanation 1 to section 153 operated only as an exclusion of the period during which seized material was unavailable within the running limitation period, not as an enlargement of the total time for assessment; the order passed after the outer date was quashed. On merits, additions based on third-party seized cash entries were deleted because the material came from other entities, the witness retracted the earlier statement, and no independent corroboration connected the assessee to any cash receipt. Digital entries from a pen drive were inadmissible without a valid section 65B certificate, and presumptions under sections 132(4A) and 292C did not apply against the assessee. Section 56(2)(x) failed because actual receipt without consideration was not proved.
Assessment was held time-barred where clause (xii) of Explanation 1 to section 153 operated only as an exclusion of the period during which seized material was unavailable within the running limitation period, not as an enlargement of the total time for assessment; the order passed after the outer date was quashed. On merits, additions based on third-party seized cash entries were deleted because the material came from other entities, the witness retracted the earlier statement, and no independent corroboration connected the assessee to any cash receipt. Digital entries from a pen drive were inadmissible without a valid section 65B certificate, and presumptions under sections 132(4A) and 292C did not apply against the assessee. Section 56(2)(x) failed because actual receipt without consideration was not proved.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
