SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Interest on refunds of tax paid under a TDS-default demand is governed by Section 244A(1)(b) where the demand is set aside and the tax becomes refundable. That provision covers refunds not specifically falling within Section 244A(1)(a) and requires interest from the date of tax payment until the refund is granted. Section 244A(1B), inserted subsequently, does not deny interest otherwise payable under the pre-existing provision. Revenue retention of money without legal entitlement carries a corresponding obligation to refund the amount with statutory interest.
Interest on refunds of tax paid under a TDS-default demand is governed by Section 244A(1)(b) where the demand is set aside and the tax becomes refundable. That provision covers refunds not specifically falling within Section 244A(1)(a) and requires interest from the date of tax payment until the refund is granted. Section 244A(1B), inserted subsequently, does not deny interest otherwise payable under the pre-existing provision. Revenue retention of money without legal entitlement carries a corresponding obligation to refund the amount with statutory interest.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4879 
