Commodity derivatives position limits adopt revised breach penalties, broad commodity criteria, and client open-position limits based on deliverable s...
Effective hearing in GST adjudication requires actual opportunity to respond; ineffective service through a former auditor invalidated ex parte procee...
Third-party search material requires special assessment route, rendering general reassessment notices without jurisdiction when it forms the proceedin...
Transfer-pricing adjustments must be confined to international associated-enterprise transactions, while functionally dissimilar comparables remain ex...
Insolvency moratorium bars income-tax revision proceedings against corporate debtors until the moratorium ends, preserving merits for later determinat...
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Tax deduction at source on leave travel concession reimbursements involving a foreign travel leg was not required where operative interim High Court directions restrained such deduction. Although the foreign travel component was not exempt, the assessee-bank was bound to comply with the interim directions and could not deduct tax contrary to them. Non-deduction during the period those directions remained operative therefore did not render the bank an assessee in default. Consequent demands for tax and interest were deleted.
Tax deduction at source on leave travel concession reimbursements involving a foreign travel leg was not required where operative interim High Court directions restrained such deduction. Although the foreign travel component was not exempt, the assessee-bank was bound to comply with the interim directions and could not deduct tax contrary to them. Non-deduction during the period those directions remained operative therefore did not render the bank an assessee in default. Consequent demands for tax and interest were deleted.
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