GST payment representations require record-based, reasoned decisions while substantive entitlement remains open for determination by competent authori...
Reassessment sanction under extended limitation required approval from the competent specified authority, invalidating proceedings approved by an inco...
Internal CUP benchmarking for fixed-rate Masala Bonds prevails over floating external comparables, eliminating the related transfer-pricing adjustment...
Jurisdictional validity of revision notices: incorrect official capacity and mere change of opinion invalidate revision of property income assessments...
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 4886 
