Income-tax prosecution fails when appellate remand removes its factual foundation; directors require company arraignment for vicarious criminal liabil...
Capital character of assignment consideration prevents taxation as residuary income, while unsupported interest-related expenditure remains non-deduct...
Make-available condition shields regional support-service receipts from Indian taxation where no independent capability or permanent establishment exi...
Transfer-pricing treatment of corporate guarantees and convertible loans followed prior-year consistency, with taxable foreign dividends excluded from...
Transfer-pricing benchmarking confines adjustments to associated-enterprise transactions and integrates delayed receivables through TNMM working-capit...
Medical relief status protects government-contracted mobile healthcare from commercial classification, while provisional registration cancellation req...
Charitable registration cancellation requires proof that educational activities abandoned their objects; incidental receipts and retained surplus are ...
Cost of improvement of a residential flat requires capital expenditure that adds to or alters the capital asset. Routine repairs and removable articles, including furnishings and de cor not embedded in the property, merely remain associated with the flat and do not qualify; their disallowance was sustained. The description assigned to an item is not conclusive for alleged permanent installations. Their eligibility depends on whether each item is capital in nature and forms an integral addition or alteration to the flat. As the installation and nature of the remaining items had not been examined item-wise, the claim was restored for verification of supporting material and a reasoned determination after hearing the taxpayer.
Cost of improvement of a residential flat requires capital expenditure that adds to or alters the capital asset. Routine repairs and removable articles, including furnishings and de cor not embedded in the property, merely remain associated with the flat and do not qualify; their disallowance was sustained. The description assigned to an item is not conclusive for alleged permanent installations. Their eligibility depends on whether each item is capital in nature and forms an integral addition or alteration to the flat. As the installation and nature of the remaining items had not been examined item-wise, the claim was restored for verification of supporting material and a reasoned determination after hearing the taxpayer.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4884 
