Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Rental receipts from furnished premises were treated as income from house property because the leave and licence arrangement showed a letting for rent with only incidental facilities, not a systematic commercial business of running a centre; GST collected on the rent did not change the tax character, and standard deduction under section 24(a) followed. The claim for interest deduction on borrowings used to acquire another property was not decided on merits because the record lacked key facts on the purpose, use, and income treatment of that property, so the issue was remanded for fresh enquiry.
Rental receipts from furnished premises were treated as income from house property because the leave and licence arrangement showed a letting for rent with only incidental facilities, not a systematic commercial business of running a centre; GST collected on the rent did not change the tax character, and standard deduction under section 24(a) followed. The claim for interest deduction on borrowings used to acquire another property was not decided on merits because the record lacked key facts on the purpose, use, and income treatment of that property, so the issue was remanded for fresh enquiry.
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