Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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.
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