Retrospective invalidity of ocean-freight IGST supports refunds despite non-party status and prior credit utilisation, subject to authorised appeal gr...
Additional evidence in departmental appeals may include show-cause-notice material without introducing a new case where it merely corroborates existin...
Reasoned rectification orders require consideration of expenditure disclosed in income-tax returns, preventing revision based on incomplete income com...
Modified returns after business reorganisations cannot trigger fresh scrutiny once the original assessment was complete, invalidating related transfer...
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...
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Former director liability for refunding funds raised through Redeemable Preference Shares continued despite resignation because the director served throughout the financial years in which the company issued the shares and collected investor funds. Final directions required the company and named directors to refund investors, permitted recovery upon non-compliance, and had been affirmed on appeal. Recovery proceedings and remittance of funds from the former director's attached bank accounts were therefore valid, and the writ petition was dismissed.
Former director liability for refunding funds raised through Redeemable Preference Shares continued despite resignation because the director served throughout the financial years in which the company issued the shares and collected investor funds. Final directions required the company and named directors to refund investors, permitted recovery upon non-compliance, and had been affirmed on appeal. Recovery proceedings and remittance of funds from the former director's attached bank accounts were therefore valid, and the writ petition was dismissed.
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