Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
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...
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Leave encashment received on retirement by non-government employees under section 10(10AA)(ii) is discussed in relation to a subsequently enhanced exemption ceiling. The enhancement is characterised as a remedial and beneficial measure that rationalises an existing exemption, reduces disparity with government employees, and mitigates hardship. On that approach, the enhanced ceiling is treated as enlarging an existing benefit rather than creating a new exemption, supporting liberal application to pending claims despite no express retrospective provision. Restricting claims to the earlier ceiling could differentiate between similarly placed employees solely by retirement timing.
Leave encashment received on retirement by non-government employees under section 10(10AA)(ii) is discussed in relation to a subsequently enhanced exemption ceiling. The enhancement is characterised as a remedial and beneficial measure that rationalises an existing exemption, reduces disparity with government employees, and mitigates hardship. On that approach, the enhanced ceiling is treated as enlarging an existing benefit rather than creating a new exemption, supporting liberal application to pending claims despite no express retrospective provision. Restricting claims to the earlier ceiling could differentiate between similarly placed employees solely by retirement timing.
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