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...
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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...
Correct head of income - characterization of receipts - income derived from saplings or seedlings grown in nursery - Agricultural income or income from other sources. During assessment proceedings, assessee produced details such as land ownership deriving income from nursery plants and tissues sale, ledger copy, water charges, power, fuel, repair, maintenance, and bank statements for 2015-2017 period. As per explanation 3 to section 2(1A) defining agricultural income, income from saplings or seedlings grown in nursery is deemed agricultural income, not taxable as income from other sources. AO and CIT(A) observed that sales register lacked complete details like address, order date, supply date, nature, mode of supply and sale consideration from different parties amounting to Rs. 1,73,50,000/-. For limited purpose of examining this, matter remanded to AO's file. Assessee's appeal partly allowed for statistical purposes.
Correct head of income - characterization of receipts - income derived from saplings or seedlings grown in nursery - Agricultural income or income from other sources. During assessment proceedings, assessee produced details such as land ownership deriving income from nursery plants and tissues sale, ledger copy, water charges, power, fuel, repair, maintenance, and bank statements for 2015-2017 period. As per explanation 3 to section 2(1A) defining agricultural income, income from saplings or seedlings grown in nursery is deemed agricultural income, not taxable as income from other sources. AO and CIT(A) observed that sales register lacked complete details like address, order date, supply date, nature, mode of supply and sale consideration from different parties amounting to Rs. 1,73,50,000/-. For limited purpose of examining this, matter remanded to AO's file. Assessee's appeal partly allowed for statistical purposes.
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