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...
Computation of book profit u/s 115JB does not allow inclusion of capital gain from sale of flats with indexed cost benefit. Section 115JB requires calculation of book profit in accordance with Part-II and Part-III of Schedule VI of Companies Act, subject to adjustments provided therein. Absence of specific clause allowing claimed benefit precludes assessee from calculating book profit by including net gains from sale of capital assets after claiming indexed cost of acquisition. Appeal dismissed, confirming view taken by CIT(Appeals).
Computation of book profit u/s 115JB does not allow inclusion of capital gain from sale of flats with indexed cost benefit. Section 115JB requires calculation of book profit in accordance with Part-II and Part-III of Schedule VI of Companies Act, subject to adjustments provided therein. Absence of specific clause allowing claimed benefit precludes assessee from calculating book profit by including net gains from sale of capital assets after claiming indexed cost of acquisition. Appeal dismissed, confirming view taken by CIT(Appeals).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
