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...
Transfer pricing adjustments must track international transactions, while unsupported AMP adjustments and unsuitable manufacturing comparables require...
Government-approved Engineer's valuation report on a transferred property's improvement cost required acceptance where the tax authorities accepted the construction year but identified neither defects nor adverse material and did not obtain an alternative valuation under the Act. The claimed cost of improvement was therefore accepted. Interior expenditure on the new residential property remained ineligible for deduction under section 54F because no bills, vouchers, or other evidence substantiated the claim; the disallowance was sustained. The appeal was partly allowed.
Government-approved Engineer's valuation report on a transferred property's improvement cost required acceptance where the tax authorities accepted the construction year but identified neither defects nor adverse material and did not obtain an alternative valuation under the Act. The claimed cost of improvement was therefore accepted. Interior expenditure on the new residential property remained ineligible for deduction under section 54F because no bills, vouchers, or other evidence substantiated the claim; the disallowance was sustained. The appeal was partly allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
