The issue was whether Section 263 could be invoked despite adequate verification by the AO. The Tribunal ruled that a plausible, evidence-based view cannot be revised merely due to a differing ...

The issue was whether a holding company with no operating revenue could claim business expenses. The Tribunal held that making strategic investments to control subsidiaries is itself a business ...

(iv) Such approach of the High Court is contrary to the settled principle of law that any party who misleads the court is disentitled to discretionary relief, such as bail. Therefore, the High Court ...