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Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Stamp duty and registration charges incurred for executing a lease deed may constitute revenue expenditure where the arrangement grants only a right to occupy, use, and commercially exploit property during the lease term, rather than ownership or an independent capital asset. The expenditure is deductible in full in the year when the lease rights and obligations crystallise; later registration does not change its character or timing. On the stated facts, the stamp duty was therefore allowable in A.Y. 2011-12. Because the full amount was deductible in that year, it could not subsequently be capitalised, amortised over the lease term, or subjected to depreciation, making later-year depreciation claims unsustainable.
Stamp duty and registration charges incurred for executing a lease deed may constitute revenue expenditure where the arrangement grants only a right to occupy, use, and commercially exploit property during the lease term, rather than ownership or an independent capital asset. The expenditure is deductible in full in the year when the lease rights and obligations crystallise; later registration does not change its character or timing. On the stated facts, the stamp duty was therefore allowable in A.Y. 2011-12. Because the full amount was deductible in that year, it could not subsequently be capitalised, amortised over the lease term, or subjected to depreciation, making later-year depreciation claims unsustainable.
Note: It is a system-generated summary and is for quick reference only.
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