Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
Stay of recovery proceedings initiated under Section 226(3) - Political Party claiming exemption u/s 13A as appliable to Trusts, denied - The tribunal dismissed these allegations, highlighting that the Assessing Officer proceeded according to the due process of law. The claim of hardship was found to lack merit as the assessee had ample opportunities to address the demand, including a chance to pay 20% of the demand in October 2021, which was not taken. - While this issue's specific judicial reasoning is not provided in the Stay Application's context, the denial of exemption by the Assessing Officer underlines strict adherence to the statutory requirements of the Income-tax Act.
Stay of recovery proceedings initiated under Section 226(3) - Political Party claiming exemption u/s 13A as appliable to Trusts, denied - The tribunal dismissed these allegations, highlighting that the Assessing Officer proceeded according to the due process of law. The claim of hardship was found to lack merit as the assessee had ample opportunities to address the demand, including a chance to pay 20% of the demand in October 2021, which was not taken. - While this issue's specific judicial reasoning is not provided in the Stay Application's context, the denial of exemption by the Assessing Officer underlines strict adherence to the statutory requirements of the Income-tax Act.
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