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...
Arrears of the employer's contribution to an approved superannuation fund, though taxable as a perquisite, formed part of salary for relief on income received in arrears. The Tribunal held that relief for salary received in arrears extends to arrears of perquisites included in salary, and that Rule 21A and Form 10E apply to such claims under Rule 21A(1)(a) read with Rule 21A(2), not the residuary provision. An internal circular treating the amount as a perquisite could not override the Act. The assessee was therefore entitled to relief and the claim had to be allowed.
Arrears of the employer's contribution to an approved superannuation fund, though taxable as a perquisite, formed part of salary for relief on income received in arrears. The Tribunal held that relief for salary received in arrears extends to arrears of perquisites included in salary, and that Rule 21A and Form 10E apply to such claims under Rule 21A(1)(a) read with Rule 21A(2), not the residuary provision. An internal circular treating the amount as a perquisite could not override the Act. The assessee was therefore entitled to relief and the claim had to be allowed.
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