Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
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Penalty levied u/s 271(1)(c) - Transfer pricing adjustment - assessee advanced interest free loan to its AE - The Tribunal noted that the assessee had disclosed all relevant particulars, including the arm's length price (ALP) of interest in the transfer pricing study report. - The Appellate Tribunal observed that the loan transaction between the assessee and its AE was indeed a matter of international transaction. However, considering the explanations provided by the assessee, including the nature of the transaction as an equity investment, the Tribunal ruled that the imposition of penalties was not warranted.
Penalty levied u/s 271(1)(c) - Transfer pricing adjustment - assessee advanced interest free loan to its AE - The Tribunal noted that the assessee had disclosed all relevant particulars, including the arm's length price (ALP) of interest in the transfer pricing study report. - The Appellate Tribunal observed that the loan transaction between the assessee and its AE was indeed a matter of international transaction. However, considering the explanations provided by the assessee, including the nature of the transaction as an equity investment, the Tribunal ruled that the imposition of penalties was not warranted.
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