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68 orders · Page 2 of 2
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal found that the dates of hearing mentioned by the CIT(A) did not align with the assessment order. In the interest of justice, the case was restored to the Assessing Officer for fresh consideration.
The Tribunal held that interest on borrowed funds for acquiring an asset is not deductible until the asset is put to use for business, as per the proviso to Section 36(1)(iii). Since the land was not used, the interest expenditure had to be capitalized.
The Tribunal held that the Valuation Officer's report, based on minimum registration values and reverse indexation, was not entirely correct. Considering the assessee's valuation report and the Assessing Officer's initial proposal, the Tribunal adopted Rs. 9,30,000/- as the FMV as on April 1, 1981.
The Tribunal held that while the cash deposits could potentially arise from the sale of agricultural land, the assessee had not conclusively proven this. Therefore, the matter was restored to the AO for further examination.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.
The Tribunal held that the addition on account of underselling to sister concerns was not warranted, as the transactions were either revenue neutral or there was no demonstrable benefit to the sister concerns. The Tribunal also dismissed the ground regarding interest under Section 244A for one assessee.