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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TDS credit for rental income remains available where the tenant has actually deducted tax but fails to deposit it with the Central Government. Actual deduction triggers statutory protection against a direct tax demand on the income recipient; the deductor's deposit default cannot undermine the recipient's income declaration or justify withholding credit. Recovery of the unpaid tax must be pursued against the tenant-deductor. Credit for tax deducted from rental income was therefore directed to be granted, and the appeal was allowed.
TDS credit for rental income remains available where the tenant has actually deducted tax but fails to deposit it with the Central Government. Actual deduction triggers statutory protection against a direct tax demand on the income recipient; the deductor's deposit default cannot undermine the recipient's income declaration or justify withholding credit. Recovery of the unpaid tax must be pursued against the tenant-deductor. Credit for tax deducted from rental income was therefore directed to be granted, and the appeal was allowed.
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