Third-party loose sheets require reliable nexus before supporting unexplained expenditure additions; presumptions do not establish payer identity or o...
TNMM comparability using audited accounts and working-capital adjustments can eliminate unwarranted transfer-pricing additions where verified margins ...
Gross-profit additions on disputed purchases require reasoned appellate determination; disclosed claims alone do not support inaccurate-particulars pe...
Limitation after transfer-pricing remand: fresh TPO reference did not extend the assessment deadline, rendering the consequential assessment time-barr...
Interim judicial restraint on tax deduction prevents default, while supporting reasonable cause and penalty deletion for foreign-leg LFC reimbursement...
Palmolein classification defeated the crude-oil concession; material misdeclaration sustained recovery and confiscation, while separate false-document...
Parallel criminal acquittal for failure to prove penal ingredients does not by itself negate an independently acknowledged financial liability supporting cheque dishonour proceedings. A notarized agreement and written declaration may establish a legally enforceable debt. Once foundational facts are proved, presumptions of consideration and discharge arise and require a probable, material-supported defence; an uncorroborated snatched-cheque assertion without a contemporaneous police complaint or bank intimation is insufficient. Registered dispatch to the drawer's correct address supports due service of the statutory demand notice, while revisional review remains limited to perversity, lack of evidence, or material legal or procedural error.
Parallel criminal acquittal for failure to prove penal ingredients does not by itself negate an independently acknowledged financial liability supporting cheque dishonour proceedings. A notarized agreement and written declaration may establish a legally enforceable debt. Once foundational facts are proved, presumptions of consideration and discharge arise and require a probable, material-supported defence; an uncorroborated snatched-cheque assertion without a contemporaneous police complaint or bank intimation is insufficient. Registered dispatch to the drawer's correct address supports due service of the statutory demand notice, while revisional review remains limited to perversity, lack of evidence, or material legal or procedural error.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4901 
