Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
TDS-default proceedings concerning commission paid to travel agents require verification of the actual commission amount and the tax-deduction obligation on payments to foreign agents without a permanent establishment in India. Although the appellate authority treated the objections as directed at the original TDS-default order rather than the rectification order, the rectification record included the assessee's submission that tax had already been deducted on part of the commission. The Tribunal restored the matter to the Assessing Officer for fresh verification, after a final opportunity for the assessee to substantiate its commission claim, and for decision in accordance with law.
TDS-default proceedings concerning commission paid to travel agents require verification of the actual commission amount and the tax-deduction obligation on payments to foreign agents without a permanent establishment in India. Although the appellate authority treated the objections as directed at the original TDS-default order rather than the rectification order, the rectification record included the assessee's submission that tax had already been deducted on part of the commission. The Tribunal restored the matter to the Assessing Officer for fresh verification, after a final opportunity for the assessee to substantiate its commission claim, and for decision in accordance with law.
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