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...
Necessity of establishing nexus between expenditure incurred and earning of exempt income u/s 14A read with Rule 8D. Mechanical application of Rule 8D without recording requisite satisfaction violates procedural requirement u/s 14A(2). Disallowance restricted to exempt income earned. Deletion of addition for bogus long-term capital loss upheld due to lack of substantial evidence and failure to provide opportunity for cross-verification. Addition of speculation loss claimed under "income from other sources" dismissed as it represented depreciation related to speculation business, properly accounted for with nullifying effect on returned income. Procedural lapses by Assessing Officer noted.
Necessity of establishing nexus between expenditure incurred and earning of exempt income u/s 14A read with Rule 8D. Mechanical application of Rule 8D without recording requisite satisfaction violates procedural requirement u/s 14A(2). Disallowance restricted to exempt income earned. Deletion of addition for bogus long-term capital loss upheld due to lack of substantial evidence and failure to provide opportunity for cross-verification. Addition of speculation loss claimed under "income from other sources" dismissed as it represented depreciation related to speculation business, properly accounted for with nullifying effect on returned income. Procedural lapses by Assessing Officer noted.
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