Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
ITAT Ahmedabad held that disallowance of interest u/s. 36(1)(iii) was unjustified as the assessee had substantial interest-free funds. Addition u/s. 145A for excise duty on closing stock was deleted based on Supreme Court decisions. Disallowance u/s. 14A r.w.r. 8D for exempt income was upheld as indirect expenses were involved. The disallowance made by the Assessing Officer was approved by the Ld.CIT(A).
ITAT Ahmedabad held that disallowance of interest u/s. 36(1)(iii) was unjustified as the assessee had substantial interest-free funds. Addition u/s. 145A for excise duty on closing stock was deleted based on Supreme Court decisions. Disallowance u/s. 14A r.w.r. 8D for exempt income was upheld as indirect expenses were involved. The disallowance made by the Assessing Officer was approved by the Ld.CIT(A).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
