Income Declaration Scheme declarations can evidence share-capital sources, while round-tripped funds and cash-linked credits require further verificat...
Permanent establishment tests: independent subsidiary premises and principal-to-principal dealings did not create Indian taxability for offshore suppl...
First appellate authorities with powers coterminous with the Assessing Officer may examine fresh evidence filed in appeal and may obtain a remand report where verification is required. Rejecting fresh purchase, vendor-balance, sales, expense, and tax-deduction details solely because complete material was not furnished during assessment leaves factual disputes unverified. Additions and disallowances founded on such discrepancies require fresh verification through de novo adjudication, with an adequate hearing opportunity and taxpayer cooperation.
First appellate authorities with powers coterminous with the Assessing Officer may examine fresh evidence filed in appeal and may obtain a remand report where verification is required. Rejecting fresh purchase, vendor-balance, sales, expense, and tax-deduction details solely because complete material was not furnished during assessment leaves factual disputes unverified. Additions and disallowances founded on such discrepancies require fresh verification through de novo adjudication, with an adequate hearing opportunity and taxpayer cooperation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
