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...
Proposes inserting Section 55A in the Prohibition of Benami Property Transactions Act, 1988 to allow the Initiating Officer to tender immunity from penalty to benamidars or abettors, other than beneficial owners, for offenses u/s 53, subject to full disclosure of benami transaction details. The immunity can be withdrawn if conditions are not met or false evidence is provided. This aims to gather evidence against beneficial owners by incentivizing benamidars to cooperate, considering their often poor means. The amendment takes effect from October 1, 2024.
Proposes inserting Section 55A in the Prohibition of Benami Property Transactions Act, 1988 to allow the Initiating Officer to tender immunity from penalty to benamidars or abettors, other than beneficial owners, for offenses u/s 53, subject to full disclosure of benami transaction details. The immunity can be withdrawn if conditions are not met or false evidence is provided. This aims to gather evidence against beneficial owners by incentivizing benamidars to cooperate, considering their often poor means. The amendment takes effect from October 1, 2024.
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