Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Repair and overhaul payments to non-residents were not chargeable as fees for technical services under the applicable DTAA because the make available condition was not shown to be satisfied. In the absence of technical knowledge, know-how or skill being made available for independent future use, no tax deduction obligation arose under section 195, and the disallowance under section 40(a)(i) could not be sustained. The Tribunal followed its earlier coordinate Bench decision in the assessee's own case and deleted the disallowance.
Repair and overhaul payments to non-residents were not chargeable as fees for technical services under the applicable DTAA because the make available condition was not shown to be satisfied. In the absence of technical knowledge, know-how or skill being made available for independent future use, no tax deduction obligation arose under section 195, and the disallowance under section 40(a)(i) could not be sustained. The Tribunal followed its earlier coordinate Bench decision in the assessee's own case and deleted the disallowance.
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