Transfer pricing comparability under TNMM: foreign exchange loss on ECB excluded from operating cost, and a functionally dissimilar comparator removed...
Fake AI-generated precedents vitiate adjudication, with unverified citations contaminating the decision-making process and undermining the rule of law...
Reasonable cause was established for cash receipts from farmers and subsequent cash repayments connected with a proposed agricultural-land purchase that could not be completed after the purchaser's father died. Bank records, the death certificate, affidavits and farmers' land records supported the explanation that the amounts were returned after six months. Penalties for contraventions of the statutory restrictions on accepting and repaying loans or deposits in cash were deleted, and the penalty orders were set aside.
Reasonable cause was established for cash receipts from farmers and subsequent cash repayments connected with a proposed agricultural-land purchase that could not be completed after the purchaser's father died. Bank records, the death certificate, affidavits and farmers' land records supported the explanation that the amounts were returned after six months. Penalties for contraventions of the statutory restrictions on accepting and repaying loans or deposits in cash were deleted, and the penalty orders were set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4807
Join Channel
TaxTMI 
