Compromise-and-arrangement extensions may accommodate debt assignment where creditor commercial judgment supports value maximisation and avoids proced...
Delayed-payment surcharge is not taxable tolerance consideration where it penalises default, while meter testing follows electricity distribution trea...
Sufficient cause for delayed revenue income-tax appeals requires bona fides, due diligence and a credible explanation; otherwise limitation bars appea...
Inverted-duty-structure refunds remain available for unchanged-rate apparel supplies despite trader status and require tax-period-specific computation...
Foundational assessment satisfaction is essential before initiating penalty for cash receipt of immovable-property sale consideration under section 27...
Salary reimbursements paid through an apex cooperative union for deputed supervisory staff do not require tax deduction at source where the assessee makes no direct salary payment and the remittance contains no service markup. In those circumstances, disallowance for non-deduction of tax under section 40(a)(ia) does not arise. Interest for delayed deposit of TDS under section 201(1A) cannot be disallowed unless it has been claimed as an expenditure deduction. Verification is required where it is unclear whether that interest was claimed; the interest issue is remanded for this factual verification.
Salary reimbursements paid through an apex cooperative union for deputed supervisory staff do not require tax deduction at source where the assessee makes no direct salary payment and the remittance contains no service markup. In those circumstances, disallowance for non-deduction of tax under section 40(a)(ia) does not arise. Interest for delayed deposit of TDS under section 201(1A) cannot be disallowed unless it has been claimed as an expenditure deduction. Verification is required where it is unclear whether that interest was claimed; the interest issue is remanded for this factual verification.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
