Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Addition under the head SPV charges - Whether part of Corporate Social Responsibility (CSR) activity - sale proceeds of overburden dumps outside sanctioned lease areas - In our view contributing 10%/15% to SPV account on account of Category ‘A’/ ‘B’ respectively, would be application of income, and therefore should be considered as expenditure incurred for carrying out its business activity. - Provisions of Explanation 1 to sec.37 will not apply to these payments. - AT
Addition under the head SPV charges - Whether part of Corporate Social Responsibility (CSR) activity - sale proceeds of overburden dumps outside sanctioned lease areas - In our view contributing 10%/15% to SPV account on account of Category ‘A’/ ‘B’ respectively, would be application of income, and therefore should be considered as expenditure incurred for carrying out its business activity. - Provisions of Explanation 1 to sec.37 will not apply to these payments. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
