Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Interest received on enhanced compensation was held taxable under the head "Income from Other Sources" after the post-2009 statutory scheme, with only the prescribed 50% deduction available; the claim for exemption under section 10(37) was rejected. The Tribunal followed its earlier coordinate-bench ruling and treated the amended provisions as governing the tax treatment of interest on compensation. The assessee's challenge to the reassessment, based on non-supply of recorded reasons and absence of a transfer intimation under the faceless procedure, also failed because participation in the proceedings showed no demonstrated prejudice and no incurable jurisdictional defect was established. The assessment was upheld and the appeal was dismissed.
Interest received on enhanced compensation was held taxable under the head "Income from Other Sources" after the post-2009 statutory scheme, with only the prescribed 50% deduction available; the claim for exemption under section 10(37) was rejected. The Tribunal followed its earlier coordinate-bench ruling and treated the amended provisions as governing the tax treatment of interest on compensation. The assessee's challenge to the reassessment, based on non-supply of recorded reasons and absence of a transfer intimation under the faceless procedure, also failed because participation in the proceedings showed no demonstrated prejudice and no incurable jurisdictional defect was established. The assessment was upheld and the appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
