Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Penalty u/s 271(1)(c) - reduction of deduction under the said Chapter VI via revised return correctly allocating of generation expenses - allocation between the eligible and ineligible undertakings cannot be directly attributable to the efforts of the AO as no SCN was issued on incorrect allocation - no penalty as filing revised return and payment of additional taxes demonstrate the good faith of the assessee
Penalty u/s 271(1)(c) - reduction of deduction under the said Chapter VI via revised return correctly allocating of generation expenses - allocation between the eligible and ineligible undertakings cannot be directly attributable to the efforts of the AO as no SCN was issued on incorrect allocation - no penalty as filing revised return and payment of additional taxes demonstrate the good faith of the assessee
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