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...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
Income recognition - Interest on NPA - Citing a judgment of the Delhi High Court, affirmed by the Supreme Court, the High Court concluded that if interest on NPAs is not received due to circumstances beyond the control of the assessee, it cannot be deemed to have accrued. The Court highlighted that under the RBI Act and Prudential Norms, interest income cannot be considered as accrued when NPAs are involved. Therefore, the Court ruled in favor of the appellant.
Income recognition - Interest on NPA - Citing a judgment of the Delhi High Court, affirmed by the Supreme Court, the High Court concluded that if interest on NPAs is not received due to circumstances beyond the control of the assessee, it cannot be deemed to have accrued. The Court highlighted that under the RBI Act and Prudential Norms, interest income cannot be considered as accrued when NPAs are involved. Therefore, the Court ruled in favor of the appellant.
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