Constitutional personal-liberty safeguards limit PMLA twin bail conditions where completed investigations lead to prolonged incarceration before trial...
Automated airline software subscriptions without human intervention fail technical-services characterisation and do not make available underlying tech...
Business support recruitment and training receipts qualify for presumptive business taxation, not professional taxation under technical consultancy ru...
Treaty exemption for foreign permanent-establishment management fees prevailed, while dividend expense disallowance remained limited to an accepted al...
Centralised assessment transfers: participation after requesting centralisation can bar technical jurisdictional challenges, while assessment disputes...
Binding precedent remains operative despite pending challenge, supporting deletion of interest disallowance when debt is converted into preference sha...
Consignment sales undertaken by a del credere commission agent for consignors, with commission income recorded, cannot be treated as the agent's own turnover merely because APMC cess was paid; the estimated profit addition was therefore deleted. Agency receivables and payables require factual verification that individual balances arise from commission transactions, including appropriate confirmations; their deletion was set aside for fresh verification. Unidentified additional evidence cannot support a Rule 46A objection where the allegedly new documents are not identified. Loans, advances and deposits require verification of their source, nature and genuineness; deletion without examining incomplete balance details was set aside, and the addition restored.
Consignment sales undertaken by a del credere commission agent for consignors, with commission income recorded, cannot be treated as the agent's own turnover merely because APMC cess was paid; the estimated profit addition was therefore deleted. Agency receivables and payables require factual verification that individual balances arise from commission transactions, including appropriate confirmations; their deletion was set aside for fresh verification. Unidentified additional evidence cannot support a Rule 46A objection where the allegedly new documents are not identified. Loans, advances and deposits require verification of their source, nature and genuineness; deletion without examining incomplete balance details was set aside, and the addition restored.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
