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...
Personal hearing requirements in GST adjudication were satisfied by prior opportunities and written submissions; appellate limitation received writ-pe...
Surplus interest-free funds support a presumption that investments were funded from those sources, where such funds exceed the investments. On that basis, interest expenditure could not be disallowed or capitalised as capital work in progress when the building had already been put to use in earlier years. The text also states that a disallowance computed under section 14A read with rule 8D cannot, merely for that reason, be added to book profit under section 115JB. It records that the appellate deletions were upheld, as the issues were covered by binding decisions and concurrent factual findings, with no substantial question of law arising.
Surplus interest-free funds support a presumption that investments were funded from those sources, where such funds exceed the investments. On that basis, interest expenditure could not be disallowed or capitalised as capital work in progress when the building had already been put to use in earlier years. The text also states that a disallowance computed under section 14A read with rule 8D cannot, merely for that reason, be added to book profit under section 115JB. It records that the appellate deletions were upheld, as the issues were covered by binding decisions and concurrent factual findings, with no substantial question of law arising.
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