The tribunal ruled that unverified claims of cash payments based on third-party material cannot justify tax additions. It emphasized that evidence must directly implicate the taxpayer.
The issue was whether equal punishment must apply to co-delinquents. The Court held that higher responsibility justifies stricter punishment, restoring dismissal and rejecting parity claims.
The Supreme Court held that where the Competent Authority finds no basis for seizure, the foundation of the SCN collapses. It ruled that proceedings cannot continue without jurisdictional facts.
The issue was whether penalty for bogus purchases was justified. The Tribunal held that concealment through non-genuine purchases attracts penalty, confirming the levy.
The issue was validity of reopening beyond the limitation period. The Tribunal held the notice issued after the prescribed time was invalid, and quashed the entire reassessment.
A.K.G. Construction And Developers Pvt. Ltd Vs State of Jharkhand & Ors. (Supreme Court of India) Termination Valid, Blacklisting Invalid – SC Separates Consequences, Enforces Strict Natural Justice The Supreme Court upheld the termination of contract but set aside the blacklisting order, holding that blacklisting is not an automatic consequence of termination and requires independent […]
The issue was whether income from sale of foundation seeds qualifies as agricultural income. The Tribunal held that such activities involve basic agricultural operations and allowed exemption under Section 10(1).
The issue was addition of cash deposits during demonetisation as unexplained income. The Tribunal held that the assessee’s explanation supported by affidavit was credible, leading to deletion of the addition.
The tribunal dismissed the appeal as the assessee failed to appear and substantiate claims despite multiple opportunities. It emphasized that procedural non-compliance weakens legal claims.
The tribunal ruled that rejection of Section 54F deduction was premature as the assessee later produced relevant documents. It directed reassessment to verify evidence and ensure proper hearing.
