Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
Characterization of receipts - Treatment of interest income from staff loans and advances, interest income from other loans and advances and miscellaneous income - Classification as Business Income vs. Other Income - Despite the assessee's assertion that the loans to employees were part of a business strategy to retain talent and the miscellaneous income arose from routine business activities, the ITAT found the Revenue's argument persuasive. Specifically, it highlighted that the income did not directly result from the assessee's primary business activities and that separate heads for interest income in the return of income necessitate its inclusion under "Other Income."
Characterization of receipts - Treatment of interest income from staff loans and advances, interest income from other loans and advances and miscellaneous income - Classification as Business Income vs. Other Income - Despite the assessee's assertion that the loans to employees were part of a business strategy to retain talent and the miscellaneous income arose from routine business activities, the ITAT found the Revenue's argument persuasive. Specifically, it highlighted that the income did not directly result from the assessee's primary business activities and that separate heads for interest income in the return of income necessitate its inclusion under "Other Income."
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