Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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...
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The Appellate Tribunal considered several issues: 1. Addition against undisclosed income from bank accounts. Assessee's funds routed through bank accounts of others. Tribunal directed review due to pending appeals of related parties. 2. Addition on flat investment deleted by CIT(A) for lack of evidence and legal basis. Revenue's challenge dismissed. 3. Investment in gold futures contracts. Assessee's trading led to losses, but lack of evidence provided for rebuttal. Tribunal upheld CIT(A)'s decision, dismissing Revenue's challenge.
The Appellate Tribunal considered several issues: 1. Addition against undisclosed income from bank accounts. Assessee's funds routed through bank accounts of others. Tribunal directed review due to pending appeals of related parties. 2. Addition on flat investment deleted by CIT(A) for lack of evidence and legal basis. Revenue's challenge dismissed. 3. Investment in gold futures contracts. Assessee's trading led to losses, but lack of evidence provided for rebuttal. Tribunal upheld CIT(A)'s decision, dismissing Revenue's challenge.
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