AO is precluded from making addition under section 68 doubting the creditworthiness of the investors on mere surmises
The fact that the vendors are not available at the given address is not sufficient to treat the purchases as bogus if the assessee has discharged primary onus .
AAR Ruling on GST on reimbursement of expenses and salary to Indian Branch (Liason office) by its Foreign Company
Revenue cannot make disallowance arbitrarily of any amount for administrative expenses u/s 14A without making a reference to amount claimed in books: Ahmedabad ITAT
Discount can’t be treated as Bogus If Some Customers Denied of having received it: Kolkata ITAT allows Deduction to Developers
AAR om Classification of supply for works contract services received from vendors for supply of material and erection
