Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Rejection of the application for final approval u/s. 80G on technical grounds - Period of limitation - The Tribunal examined various precedents and CBDT circulars to determine the applicability of the extended timeline to the appellant's case. It noted that the circulars extended the due date for filing Form No. 10AB for registration under Section 12A of the Act to September 30, 2023. The Tribunal reasoned that since the appellant filed its application within the extended timeline, the rejection by the Commissioner was unwarranted. - Additionally, the Tribunal referred to decisions by other benches and observed that the timeline prescribed under clause (iii) of the first proviso to Section 80G(5) should be treated as directory, not mandatory. It emphasized that procedural provisions should serve the cause of justice and not hinder it.
Rejection of the application for final approval u/s. 80G on technical grounds - Period of limitation - The Tribunal examined various precedents and CBDT circulars to determine the applicability of the extended timeline to the appellant's case. It noted that the circulars extended the due date for filing Form No. 10AB for registration under Section 12A of the Act to September 30, 2023. The Tribunal reasoned that since the appellant filed its application within the extended timeline, the rejection by the Commissioner was unwarranted. - Additionally, the Tribunal referred to decisions by other benches and observed that the timeline prescribed under clause (iii) of the first proviso to Section 80G(5) should be treated as directory, not mandatory. It emphasized that procedural provisions should serve the cause of justice and not hinder it.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
