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...
Corporate social responsibility donations to institutions approved under section 80G remain eligible for deduction because Explanation 2 to section 37(1) only bars their treatment as business expenditure and does not prohibit section 80G relief. The notes state that the deduction cannot be denied merely because payments also meet CSR obligations, where donations are made through recognised banking channels. Advance-tax interest under section 234C requires factual verification of the liability computation, so the issue was remanded for recomputation if warranted. Refund interest under section 244A likewise depends on verification of relevant dates and may be granted further if admissible.
Corporate social responsibility donations to institutions approved under section 80G remain eligible for deduction because Explanation 2 to section 37(1) only bars their treatment as business expenditure and does not prohibit section 80G relief. The notes state that the deduction cannot be denied merely because payments also meet CSR obligations, where donations are made through recognised banking channels. Advance-tax interest under section 234C requires factual verification of the liability computation, so the issue was remanded for recomputation if warranted. Refund interest under section 244A likewise depends on verification of relevant dates and may be granted further if admissible.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4780
Join Channel
TaxTMI 
