Fake-invoice penalties remain available where taxpayer admissions and records establish unsupported input tax credit claims and false GST documentatio...
Works contract classification applies to permanently installed fire-protection systems, while earthwork and obsolete IGST concessions remain unavailab...
Professional fee recovery for GST refund representation succeeds where direct engagement, fee acknowledgement, and authority are established despite c...
Transfer pricing of intra-group support services requires prescribed benchmarking; unsupported nil valuation and alternate business-expense disallowan...
Interest paid for delayed remittance of TDS is not expenditure incurred wholly and exclusively for business under section 37(1), notwithstanding its compensatory character. A compulsory-acquisition capital-gains exemption requires examination of acquisition documents, compensation and statutory conditions, rather than rejection solely because it was omitted from the return. Transfer-pricing applicability and arm's length pricing of captive-power supplies require separate analysis. Section 14A and Rule 8D disallowance depends on the expenditure actually considered and cannot be resolved merely through the own-funds presumption. Project-monitoring and supervision costs may remain revenue expenditure despite capitalisation in accounts. Book-profit adjustments under section 115JB must be independently calculated without importing Rule 8D.
Interest paid for delayed remittance of TDS is not expenditure incurred wholly and exclusively for business under section 37(1), notwithstanding its compensatory character. A compulsory-acquisition capital-gains exemption requires examination of acquisition documents, compensation and statutory conditions, rather than rejection solely because it was omitted from the return. Transfer-pricing applicability and arm's length pricing of captive-power supplies require separate analysis. Section 14A and Rule 8D disallowance depends on the expenditure actually considered and cannot be resolved merely through the own-funds presumption. Project-monitoring and supervision costs may remain revenue expenditure despite capitalisation in accounts. Book-profit adjustments under section 115JB must be independently calculated without importing Rule 8D.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
