ITC cannot be rejected merely on the ground that the supplier’s GST registration was cancelled with retrospective effect.
CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering.
Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad
No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT
Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted in prior years: ITAT
Employee granted TDS Credit as the employer after deducting the TDS failed to deposit with the Government Treasury
Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.
Burden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid