Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
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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