Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Specified allowances payable to High Court and Supreme Court Judges are, prima facie, excluded from salary-income computation under overriding non-obstante clauses governing judicial service conditions. They are treated as receipts not in the nature of income rather than deductions or exemptions, so the optional new tax regime's restrictions on deductions and exemptions do not appear to apply. Pending consideration of the writ petition, Judges may disclose these allowances as non-income receipts, and the related income-tax returns are not to be processed until further orders.
Specified allowances payable to High Court and Supreme Court Judges are, prima facie, excluded from salary-income computation under overriding non-obstante clauses governing judicial service conditions. They are treated as receipts not in the nature of income rather than deductions or exemptions, so the optional new tax regime's restrictions on deductions and exemptions do not appear to apply. Pending consideration of the writ petition, Judges may disclose these allowances as non-income receipts, and the related income-tax returns are not to be processed until further orders.
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