The Tribunal reversed additions made towards alleged suppressed rent and bogus salary expenses. It emphasized factual consistency, business necessity, and absence of tax avoidance in granting relief to the assessee.
As the deadline nears, MSMEs face documentation-heavy scrutiny under the scheme. Eligibility depends on structured compliance, not just capital investment.
MCA has split Delhi’s ROC into South and Central jurisdictions effective 16 February 2026. Companies must verify their district mapping and assess compliance implications.
The Tribunal held that accumulated savings and customary cash gifts over 40 years of marital life were a plausible explanation for seized cash. It deleted the addition sustained by the CIT(A).
The Tribunal held that cash deposits cannot be treated as unexplained when the bank account is recorded in audited books and disclosed in the ITR. In absence of contrary evidence, the addition under Section 69A was deleted.
Selecting travel insurance requires assessing medical needs, age-specific coverage, and trip risks. Matching coverage to destination and travel purpose helps avoid costly surprises abroad.
The Tribunal ruled that admission of fresh evidence without AOs examination violated procedural rules. The deletion of ₹2 crore disallowance under Section 40A(3) was set aside for reconsideration.
CESTAT Chandigarh held that CENVAT Credit on inputs used in generation of electricity is admissible only to the extent the electricity produced and utilized in the factory of production and not on the portion of electricity transferred/sold to the grid.
The Tribunal found non-compliance with statutory duties under Sections 250(4) and 250(6). The dismissal on delay alone was held improper, and the appeal was restored for fresh adjudication.
When a scheduled video hearing under faceless assessment is not attended by the officer, the opportunity becomes illusory. The key takeaway: document the failure immediately to protect natural justice rights.
