Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
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Compliance with Dispute Resolution Panel directions under section 144C is mandatory when issuing the final assessment order. The text explains that where the Transfer Pricing Officer has given effect to those directions within the applicable limitation period, the Assessing Officer cannot issue a final order repeating the draft assessment position without incorporating them. A corrigendum issued after limitation cannot retrospectively cure that statutory defect or supply required findings, and is beyond jurisdiction. The described Tribunal decision therefore quashed the defective final assessment order, while leaving other grounds open.
Compliance with Dispute Resolution Panel directions under section 144C is mandatory when issuing the final assessment order. The text explains that where the Transfer Pricing Officer has given effect to those directions within the applicable limitation period, the Assessing Officer cannot issue a final order repeating the draft assessment position without incorporating them. A corrigendum issued after limitation cannot retrospectively cure that statutory defect or supply required findings, and is beyond jurisdiction. The described Tribunal decision therefore quashed the defective final assessment order, while leaving other grounds open.
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