Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
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Flood rehabilitation housing expenditure may qualify as business expenditure where incurred under a State Government memorandum for commercial expediency and long-term business benefit; that issue was remitted for fresh consideration in line with jurisdictional High Court rulings. Ad hoc disallowances of vehicle hire, transport charges and repairs to leasehold premises were deleted because the assessee produced bills, PANs, ledgers and other supporting records, and no objective basis for estimation was shown. Interest reflected in Form 26AS was not taxed on accrual absent reasonable certainty of receipt, and TDS credit was shifted to the year of actual offer. Customs duty liability crystallised on demand and was allowable on payment, infrastructure sharing charges were accepted as business expenditure, and customer advances were not taxed under cessation of liability principles because no remission occurred.
Flood rehabilitation housing expenditure may qualify as business expenditure where incurred under a State Government memorandum for commercial expediency and long-term business benefit; that issue was remitted for fresh consideration in line with jurisdictional High Court rulings. Ad hoc disallowances of vehicle hire, transport charges and repairs to leasehold premises were deleted because the assessee produced bills, PANs, ledgers and other supporting records, and no objective basis for estimation was shown. Interest reflected in Form 26AS was not taxed on accrual absent reasonable certainty of receipt, and TDS credit was shifted to the year of actual offer. Customs duty liability crystallised on demand and was allowable on payment, infrastructure sharing charges were accepted as business expenditure, and customer advances were not taxed under cessation of liability principles because no remission occurred.
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