Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The ITAT held that the assessee must reconcile differences in TDS amounts between Form No. 26AS and books of accounts. The matter was sent back to AO for further enquiry. Disallowance u/s. 35AC was rejected as donor's deduction cannot be denied for recipient's misuse of funds. Disallowance of guarantee commission was deleted as AO failed to justify the disallowance. Short credit of TDS was allowed upon verification by AO. Interest u/s. 234A was disputed due to extended filing date, following a High Court directive to not charge interest if tax was paid by original due date.
The ITAT held that the assessee must reconcile differences in TDS amounts between Form No. 26AS and books of accounts. The matter was sent back to AO for further enquiry. Disallowance u/s. 35AC was rejected as donor's deduction cannot be denied for recipient's misuse of funds. Disallowance of guarantee commission was deleted as AO failed to justify the disallowance. Short credit of TDS was allowed upon verification by AO. Interest u/s. 234A was disputed due to extended filing date, following a High Court directive to not charge interest if tax was paid by original due date.
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