Posted inBlog
Tax Tribunal Upholds Sales-Purchase Link, Deletes Bogus Purchase Addition
Discover how the Tax Tribunal ruled that accepted sales validate linked purchases, preventing 'bogus' additions and stressing documentary evidence.
Posted inBlog
Tax Tribunal Upholds Cash Deposit Scrutiny Amidst Insufficient Business Proof
Hyderabad ITAT rules that mere submissions and audit reports are insufficient; tangible business proof is essential for explaining cash deposits.