Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
Political contribution deductions under section 80GGC require proof of genuine payment, not merely banking-channel evidence and a receipt. The article explains that tax authorities may assess transactions through surrounding circumstances, human probabilities and the preponderance of probabilities where investigation material casts doubt on the recipient political party or contribution. Once the Revenue produces cogent circumstances suggesting accommodation entries, the taxpayer must substantiate the contribution, nexus with the party and reason for the payment. It further notes that denial of cross-examination does not necessarily breach natural justice where the taxpayer knew the allegations, had an opportunity to respond, and the conclusion rests on cumulative evidence rather than a single statement.
Political contribution deductions under section 80GGC require proof of genuine payment, not merely banking-channel evidence and a receipt. The article explains that tax authorities may assess transactions through surrounding circumstances, human probabilities and the preponderance of probabilities where investigation material casts doubt on the recipient political party or contribution. Once the Revenue produces cogent circumstances suggesting accommodation entries, the taxpayer must substantiate the contribution, nexus with the party and reason for the payment. It further notes that denial of cross-examination does not necessarily breach natural justice where the taxpayer knew the allegations, had an opportunity to respond, and the conclusion rests on cumulative evidence rather than a single statement.
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