Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Voluntary retirement compensation and related termination payments were held to fall within the combined operation of the provisions governing voluntary retirement relief, salary arrears and profits in lieu of salary, with Form 10E required for the claim. An employer is required to compute and give effect to such relief only on the basis of particulars furnished by the employee; absent those particulars, it is not bound to grant the relief while deducting tax at source. The employer's deduction and remittance of tax was therefore upheld, and any admissible refund was directed to be claimed through the employees' returns and processed in accordance with law.
Voluntary retirement compensation and related termination payments were held to fall within the combined operation of the provisions governing voluntary retirement relief, salary arrears and profits in lieu of salary, with Form 10E required for the claim. An employer is required to compute and give effect to such relief only on the basis of particulars furnished by the employee; absent those particulars, it is not bound to grant the relief while deducting tax at source. The employer's deduction and remittance of tax was therefore upheld, and any admissible refund was directed to be claimed through the employees' returns and processed in accordance with law.
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