Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Ex gratia received under the BSNL voluntary retirement scheme was treated as exempt retrenchment compensation under section 10(10B), not as a limited claim under section 10(10C), because the issue was already covered by coordinate bench rulings on identical BSNL facts. As no contrary High Court decision was shown and the assessee was on the same footing as earlier cases involving the same employer and similar circumstances, the ITAT followed that view, directed the Assessing Officer to grant the exemption, and allowed both appeals.
Ex gratia received under the BSNL voluntary retirement scheme was treated as exempt retrenchment compensation under section 10(10B), not as a limited claim under section 10(10C), because the issue was already covered by coordinate bench rulings on identical BSNL facts. As no contrary High Court decision was shown and the assessee was on the same footing as earlier cases involving the same employer and similar circumstances, the ITAT followed that view, directed the Assessing Officer to grant the exemption, and allowed both appeals.
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