Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Deductions under Chapter VI-A: limits, prevention of duplicate claims, and market-value adjustment for inter-business transfers. Deductions specified in sections 80C to 80U under Chapter VI-A are allowed from gross total income subject to the aggregate not exceeding gross total income; deductions claimed and allowed by an association or body preclude the same deduction for its members in respect of their share. Profits or gains claimed under special provisions for undertakings, units or eligible businesses cannot be deducted again under other provisions for the same assessment year, and a deduction must be claimed in the return. Transfers between such undertakings and other businesses are to be treated at market value where recorded consideration does not reflect market value, with 'market value' including arm's length price for specified domestic transactions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deductions under Chapter VI-A: limits, prevention of duplicate claims, and market-value adjustment for inter-business transfers.
Deductions specified in sections 80C to 80U under Chapter VI-A are allowed from gross total income subject to the aggregate not exceeding gross total income; deductions claimed and allowed by an association or body preclude the same deduction for its members in respect of their share. Profits or gains claimed under special provisions for undertakings, units or eligible businesses cannot be deducted again under other provisions for the same assessment year, and a deduction must be claimed in the return. Transfers between such undertakings and other businesses are to be treated at market value where recorded consideration does not reflect market value, with "market value" including arm's length price for specified domestic transactions.
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