Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
A donation to the Prime Minister's National Relief Fund made out of CSR expenditure remained eligible for deduction under section 80G, because the disallowance of CSR under Explanation 2 to section 37(1) operates only in computing business income, while Chapter VI-A deductions apply independently to gross total income. The Tribunal held that there was no statutory bar to claiming the section 80G deduction once the payment was made to an approved fund and the statutory conditions were met. The objection based on absence of voluntariness was rejected, as the assessee's choice of recipient was sufficient. The disallowance was deleted.
A donation to the Prime Minister's National Relief Fund made out of CSR expenditure remained eligible for deduction under section 80G, because the disallowance of CSR under Explanation 2 to section 37(1) operates only in computing business income, while Chapter VI-A deductions apply independently to gross total income. The Tribunal held that there was no statutory bar to claiming the section 80G deduction once the payment was made to an approved fund and the statutory conditions were met. The objection based on absence of voluntariness was rejected, as the assessee's choice of recipient was sufficient. The disallowance was deleted.
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