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...
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.
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