Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
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Deduction for expenditure allegedly disallowed in an earlier year for tax-deduction-at-source default requires evidence that the earlier disallowance was made under the relevant provision; a revised computation cannot support the balance annuity deduction without that factual foundation. A return-processing adjustment must be challenged through the separate statutory appeal already filed where no fresh addition is made in the assessment order. Exemption for an entity under section 10(46) requires the prescribed notification; a pending writ petition, absent a stay or specific direction, does not suspend proceedings or establish exemption eligibility. The deduction and exemption claims were rejected, and all appeals were dismissed.
Deduction for expenditure allegedly disallowed in an earlier year for tax-deduction-at-source default requires evidence that the earlier disallowance was made under the relevant provision; a revised computation cannot support the balance annuity deduction without that factual foundation. A return-processing adjustment must be challenged through the separate statutory appeal already filed where no fresh addition is made in the assessment order. Exemption for an entity under section 10(46) requires the prescribed notification; a pending writ petition, absent a stay or specific direction, does not suspend proceedings or establish exemption eligibility. The deduction and exemption claims were rejected, and all appeals were dismissed.
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