RBI supersession powers over multi-State co-operative banks operate independently of the constitutional six-month ceiling and permit statutory extensi...
Charitable sports promotion: sponsorship receipts alone did not defeat registration where funds supported tournaments and player development activitie...
Overdue associated-enterprise receivables: debt-free status defeated notional-interest adjustment, while employee stock-option costs qualified as busi...
Retrospective assessment-limitation amendments validate final orders while contemporaneous segment data governs transfer-pricing comparability and tol...
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RBI regulatory monetary levies for non-compliance with lending guidelines may be deductible where the underlying default is supervisory in an otherwise lawful banking business, rather than an offence or prohibited activity; the levy was therefore not disallowed under Explanation 1 to section 37(1). Banking-company securities held as stock-in-trade did not attract expenditure disallowance for exempt dividend income under section 14A and Rule 8D. Net depreciation on investments valued under ICDS VIII and RBI guidelines was allowable because the prescribed method was followed. Employee stock-option discount was treated as revenue expenditure because it incentivises and retains employees without creating an enduring asset or constituting capital-raising expenditure.
RBI regulatory monetary levies for non-compliance with lending guidelines may be deductible where the underlying default is supervisory in an otherwise lawful banking business, rather than an offence or prohibited activity; the levy was therefore not disallowed under Explanation 1 to section 37(1). Banking-company securities held as stock-in-trade did not attract expenditure disallowance for exempt dividend income under section 14A and Rule 8D. Net depreciation on investments valued under ICDS VIII and RBI guidelines was allowable because the prescribed method was followed. Employee stock-option discount was treated as revenue expenditure because it incentivises and retains employees without creating an enduring asset or constituting capital-raising expenditure.
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