Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Deduction under section 36(1)(vii) was held to operate distinctly from provision-based deduction under section 36(1)(viia), and the proviso was applied only to prevent double deduction; on the facts already accepted in earlier years, no duplication was shown, so the disallowance of bad debts written off was deleted. The Tribunal also held that earlier coordinate bench rulings remained binding despite pending High Court appeals in the absence of any stay or reversal, and the Revenue's challenge failed. On the amortised lease premium issue, the Tribunal applied section 158A because an identical question of law was already pending before the High Court, and directed that the final High Court decision be applied to the years in appeal.
Deduction under section 36(1)(vii) was held to operate distinctly from provision-based deduction under section 36(1)(viia), and the proviso was applied only to prevent double deduction; on the facts already accepted in earlier years, no duplication was shown, so the disallowance of bad debts written off was deleted. The Tribunal also held that earlier coordinate bench rulings remained binding despite pending High Court appeals in the absence of any stay or reversal, and the Revenue's challenge failed. On the amortised lease premium issue, the Tribunal applied section 158A because an identical question of law was already pending before the High Court, and directed that the final High Court decision be applied to the years in appeal.
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