Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Section 7 admission requires established financial debt and default, not precise interest quantification, while post-suspension defaults remain action...
Page of 4811
Press 'Enter' after typing page number.
141 to 160 of 96208 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Section 37A had to be read as a whole, so the Directorate of Enforcement could challenge a seizure order after being heard before the Competent Authority; the departmental appeal was therefore maintainable. On the merits, subscription to a foreign company's shares, even through memorandum of association, constituted direct investment outside India and fell within foreign security. The Tribunal held that paid-up capital was not a precondition for acquisition, holding or transfer, and the Competent Authority erred in treating the shares as valueless and finding no contravention. It also held that equivalent value seizure under Section 37A is a one-time securing measure and cannot be duplicated for the same foreign security.
Section 37A had to be read as a whole, so the Directorate of Enforcement could challenge a seizure order after being heard before the Competent Authority; the departmental appeal was therefore maintainable. On the merits, subscription to a foreign company's shares, even through memorandum of association, constituted direct investment outside India and fell within foreign security. The Tribunal held that paid-up capital was not a precondition for acquisition, holding or transfer, and the Competent Authority erred in treating the shares as valueless and finding no contravention. It also held that equivalent value seizure under Section 37A is a one-time securing measure and cannot be duplicated for the same foreign security.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
