Make-available condition shields regional support-service receipts from Indian taxation where no independent capability or permanent establishment exi...
Transfer-pricing treatment of corporate guarantees and convertible loans followed prior-year consistency, with taxable foreign dividends excluded from...
Transfer-pricing benchmarking confines adjustments to associated-enterprise transactions and integrates delayed receivables through TNMM working-capit...
Medical relief status protects government-contracted mobile healthcare from commercial classification, while provisional registration cancellation req...
Charitable registration cancellation requires proof that educational activities abandoned their objects; incidental receipts and retained surplus are ...
Prospective customs notification amendments cannot bar provisional release consideration for earlier imports when bills of lading predate their commen...
Companies struck off under the Companies Act continue to exist for purposes of realising dues and discharging outstanding liabilities. Statutory saving provisions preserve the enforceability of liabilities against persons managing the company; therefore, assessment or reassessment is not invalid merely because the company has been struck off. Where the first appellate authority has not examined an unexplained-credit addition on merits because of non-appearance, fresh appellate consideration is required after providing an opportunity of hearing and allowing supporting material to be produced.
Companies struck off under the Companies Act continue to exist for purposes of realising dues and discharging outstanding liabilities. Statutory saving provisions preserve the enforceability of liabilities against persons managing the company; therefore, assessment or reassessment is not invalid merely because the company has been struck off. Where the first appellate authority has not examined an unexplained-credit addition on merits because of non-appearance, fresh appellate consideration is required after providing an opportunity of hearing and allowing supporting material to be produced.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4888 
