Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
Key man insurance policy - Taxability of the sums received on maturity of life insurance policy - Assessee claimed it as exempt income u/s 10(10D) - It was contended that the proprietorship concern was dissolved and the assessee purchased the Keyman Insurance policy after paying a surrender value - The CIT(A) upheld the addition made by the Assessing Officer under section 28(vi) of the Act - The ITAT held that the authorities were not justified in denying the benefit of exemption to the assessee and directed the AO to delete the addition.
Key man insurance policy - Taxability of the sums received on maturity of life insurance policy - Assessee claimed it as exempt income u/s 10(10D) - It was contended that the proprietorship concern was dissolved and the assessee purchased the Keyman Insurance policy after paying a surrender value - The CIT(A) upheld the addition made by the Assessing Officer under section 28(vi) of the Act - The ITAT held that the authorities were not justified in denying the benefit of exemption to the assessee and directed the AO to delete the addition.
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