Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
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...
Interest on inter-corporate deposits was treated as accrued because no new evidence rebutted the appellate finding. Disallowance relating to investment in a limited liability partnership under section 14A and rule 8D was likewise sustained for lack of contrary material. The genuineness of loans alleged to be connected with bank-related kickbacks requires verification of the final Special CBI Court proceedings and their effect on the transactions; that issue was remanded without a merits finding. Capital losses on unquoted-share sales were accepted where valuation followed the book value method under rule 11UA read with section 50CA, no specific defect in the valuer's report was identified, and no registered-valuer reference was made.
Interest on inter-corporate deposits was treated as accrued because no new evidence rebutted the appellate finding. Disallowance relating to investment in a limited liability partnership under section 14A and rule 8D was likewise sustained for lack of contrary material. The genuineness of loans alleged to be connected with bank-related kickbacks requires verification of the final Special CBI Court proceedings and their effect on the transactions; that issue was remanded without a merits finding. Capital losses on unquoted-share sales were accepted where valuation followed the book value method under rule 11UA read with section 50CA, no specific defect in the valuer's report was identified, and no registered-valuer reference was made.
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