Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Interim judicial directions governing LTC/LFC reimbursements can suspend an employer's operative TDS obligation where they expressly treat the payments as non-income for withholding purposes and place eventual tax liability on employees if the challenge fails. The Tribunal followed a Kerala High Court decision concerning the same assessee and stated that the bank could not be treated as having defaulted on a subsisting deduction obligation while the Madras High Court's directions remained operative. Accordingly, the article reports that the orders deeming the bank an assessee in default and imposing consequential tax and interest were quashed, and the related TDS demands were annulled.
Interim judicial directions governing LTC/LFC reimbursements can suspend an employer's operative TDS obligation where they expressly treat the payments as non-income for withholding purposes and place eventual tax liability on employees if the challenge fails. The Tribunal followed a Kerala High Court decision concerning the same assessee and stated that the bank could not be treated as having defaulted on a subsisting deduction obligation while the Madras High Court's directions remained operative. Accordingly, the article reports that the orders deeming the bank an assessee in default and imposing consequential tax and interest were quashed, and the related TDS demands were annulled.
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