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Recent Posts
- Reopening notice quashed as Assessee’s name not found in seized material; AO relied on surmises
- Supreme Court upholds 100% addition of bogus purchases where source of expenditure remained unexplained
- Revenue’s appeal against 12.5% profit estimation dismissed; Quantum of addition is a question of fact
- Penalty proceedings stayed following Supreme Court stay on Reassessment regarding alleged Round-Tripping
- Ex-parte Section 50C addition remanded; Assessment must be on merits despite non-compliance
- Retrospective cancellation of 12A registration u/s 12AB(4) quashed; “Specified Violations” apply only post-2022
- PCIT’s Section 263 revision quashed; AO’s view on ‘Penny Stock’ LTCG held plausible
- Rejection of rectification application hindering appeal requires personal hearing; “Civil Consequence” test applied
- Penalty for expired E-way bill quashed; GPS confirms arrival and unique engine numbers rule out evasion
- Bank account attachment vacated on 10% deposit; SCN reply treated as objection to ITC blocking
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