Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
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Under secondment arrangements, taxability of reimbursement of expatriate salary costs and any obligation to deduct tax at source depends on the terms and substance of the secondment agreements, the actual nature of services, and the employment conditions in India. ITAT noted that the issue could not be resolved by precedent alone because the relevant agreements were not examined by the assessee, the AO, or the CIT(A). The matter was therefore restored to the AO for fresh adjudication after calling for the complete agreements and related material, and after considering whether income accrued to the foreign entity in India and whether disallowance under s. 40(a)(i) arose.
Under secondment arrangements, taxability of reimbursement of expatriate salary costs and any obligation to deduct tax at source depends on the terms and substance of the secondment agreements, the actual nature of services, and the employment conditions in India. ITAT noted that the issue could not be resolved by precedent alone because the relevant agreements were not examined by the assessee, the AO, or the CIT(A). The matter was therefore restored to the AO for fresh adjudication after calling for the complete agreements and related material, and after considering whether income accrued to the foreign entity in India and whether disallowance under s. 40(a)(i) arose.
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