Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
TDS credit omitted from an original return may be claimed through rectification where Form 26AS reflects the deduction and the corresponding income has been offered to tax. Mere failure to claim the credit in the original return should not result in its denial in those circumstances. The Assessing Officer must verify the TDS claim and inclusion of the related income before granting the credit.
TDS credit omitted from an original return may be claimed through rectification where Form 26AS reflects the deduction and the corresponding income has been offered to tax. Mere failure to claim the credit in the original return should not result in its denial in those circumstances. The Assessing Officer must verify the TDS claim and inclusion of the related income before granting the credit.
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