Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
BOT road development expenditure was required to be amortised over the actual remaining concession period, because the proposed extension to 10/07/2024 was never notified and the concession effectively ended on 26/10/2013 after the accepted toll extension. The AO was directed to recompute amortization with 26/10/2013 as the terminal date and allow the resulting deduction as business expenditure under the CBDT circular. For prior years' depreciation, the Tribunal said the circular contemplated reducing earlier claims from the initial cost before amortization, so no separate addition for excess depreciation could stand, subject to verification of that adjustment. Penalty for inaccurate particulars was deleted because the quantum addition no longer survived and the depreciation-versus-amortization issue was debatable.
BOT road development expenditure was required to be amortised over the actual remaining concession period, because the proposed extension to 10/07/2024 was never notified and the concession effectively ended on 26/10/2013 after the accepted toll extension. The AO was directed to recompute amortization with 26/10/2013 as the terminal date and allow the resulting deduction as business expenditure under the CBDT circular. For prior years' depreciation, the Tribunal said the circular contemplated reducing earlier claims from the initial cost before amortization, so no separate addition for excess depreciation could stand, subject to verification of that adjustment. Penalty for inaccurate particulars was deleted because the quantum addition no longer survived and the depreciation-versus-amortization issue was debatable.
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