Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
The ITAT Ahmedabad addressed various issues. On the 40(a)(ia) addition, the assessee failed to provide necessary details justifying deductions disallowed in earlier years due to non-TDS deduction. The Tribunal emphasized the need for supporting documents and allowed deductions on actual payment basis. Regarding u/s 36(1)(va), the Tribunal dismissed the appeal based on a precedent. For unsecured loan waiver, the Tribunal held that waiver of loan is not taxable u/s 28(iv) as it's a cash benefit. The Tribunal directed deletion of the addition u/s 41(1) as neither the AO nor CIT(A) invoked this provision. The assessee was granted another opportunity to present their case before the AO.
The ITAT Ahmedabad addressed various issues. On the 40(a)(ia) addition, the assessee failed to provide necessary details justifying deductions disallowed in earlier years due to non-TDS deduction. The Tribunal emphasized the need for supporting documents and allowed deductions on actual payment basis. Regarding u/s 36(1)(va), the Tribunal dismissed the appeal based on a precedent. For unsecured loan waiver, the Tribunal held that waiver of loan is not taxable u/s 28(iv) as it's a cash benefit. The Tribunal directed deletion of the addition u/s 41(1) as neither the AO nor CIT(A) invoked this provision. The assessee was granted another opportunity to present their case before the AO.
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