Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Leave encashment exemption for a non-Government employee under section 10(10AA) was held to be computable on the basis of the revised CBDT ceiling applicable for AY 2020-21. Following its earlier decision and co-ordinate Bench rulings, the ITAT accepted that the enhanced limit applied, so the restriction made by the lower authorities to the earlier ceiling could not stand. The matter was remanded only for recomputation of the admissible exemption on the revised ceiling, with consequential deletion of the addition to that extent.
Leave encashment exemption for a non-Government employee under section 10(10AA) was held to be computable on the basis of the revised CBDT ceiling applicable for AY 2020-21. Following its earlier decision and co-ordinate Bench rulings, the ITAT accepted that the enhanced limit applied, so the restriction made by the lower authorities to the earlier ceiling could not stand. The matter was remanded only for recomputation of the admissible exemption on the revised ceiling, with consequential deletion of the addition to that extent.
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