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...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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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