Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Incorrect entry of the purchaser's PAN in the seller's PAN field of Form 26QB can cause TDS credit to appear in the purchaser's Form 26AS. Where tax was deducted and deposited, correction of a bona fide clerical PAN error requires factual verification, including confirmation that no other person has claimed the corresponding credit, followed by manual rectification and consequential credit. The text also addresses reassessment initiated on an incorrect factual premise: treating a property purchase as a sale undermines the basis for the reassessment notice.
Incorrect entry of the purchaser's PAN in the seller's PAN field of Form 26QB can cause TDS credit to appear in the purchaser's Form 26AS. Where tax was deducted and deposited, correction of a bona fide clerical PAN error requires factual verification, including confirmation that no other person has claimed the corresponding credit, followed by manual rectification and consequential credit. The text also addresses reassessment initiated on an incorrect factual premise: treating a property purchase as a sale undermines the basis for the reassessment notice.
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