Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Genuineness of a political contribution, rather than banking-channel payment or a donation receipt, determines eligibility for deduction under section 80GGC. Admissions by political-party office bearers, search material, banking patterns and statutory non-compliance may establish an accommodation-entry arrangement; in that setting, receipts and bank statements may not rebut the evidence. The transaction must be assessed on human probabilities, surrounding circumstances and preponderance of probabilities. On these facts, the claimed deduction was disallowed. A challenge to initiation of penalty proceedings under section 270A was treated as premature.
Genuineness of a political contribution, rather than banking-channel payment or a donation receipt, determines eligibility for deduction under section 80GGC. Admissions by political-party office bearers, search material, banking patterns and statutory non-compliance may establish an accommodation-entry arrangement; in that setting, receipts and bank statements may not rebut the evidence. The transaction must be assessed on human probabilities, surrounding circumstances and preponderance of probabilities. On these facts, the claimed deduction was disallowed. A challenge to initiation of penalty proceedings under section 270A was treated as premature.
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TaxTMI 
TaxTMI 
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