Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Section 56(2)(viib) share-premium additions may not arise where the issue price of unquoted shares exceeds the Rule 11UA value by no more than 10%. The CBDT's curative safe-harbour amendment treats the issue price within that permissible variation as fair market value. Applying this safe harbour, an addition for excess share premium within the 10% range was treated as unsustainable and deleted.
Section 56(2)(viib) share-premium additions may not arise where the issue price of unquoted shares exceeds the Rule 11UA value by no more than 10%. The CBDT's curative safe-harbour amendment treats the issue price within that permissible variation as fair market value. Applying this safe harbour, an addition for excess share premium within the 10% range was treated as unsustainable and deleted.
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