Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
Page of 4782
Press 'Enter' after typing page number.
401 to 420 of 95636 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
For Assessment Year 2025-26, Section 87A rebate under the new tax regime applied to an eligible assessee's entire tax liability, including tax on short-term capital gains taxable at the special rate under Section 111A, because the provision then contained no exclusion for such income. A later restriction on rebate for special-rate income, effective from Assessment Year 2026-27, did not apply. Denial of the rebate during return processing without prior intimation or an opportunity of hearing also contravened the prescribed procedure. The Tribunal deleted the adjustment and directed grant of the claimed rebate.
For Assessment Year 2025-26, Section 87A rebate under the new tax regime applied to an eligible assessee's entire tax liability, including tax on short-term capital gains taxable at the special rate under Section 111A, because the provision then contained no exclusion for such income. A later restriction on rebate for special-rate income, effective from Assessment Year 2026-27, did not apply. Denial of the rebate during return processing without prior intimation or an opportunity of hearing also contravened the prescribed procedure. The Tribunal deleted the adjustment and directed grant of the claimed rebate.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
