Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
The case involves determining whether income from a property owned by the assessee should be classified as "income from house property" or "business income." The Revenue's interpretation of Section 22, suggesting a different treatment for those in the business of letting out properties, was rejected. The Tribunal allowed the appeals based on the principle of consistency, noting the AO's prior acceptance of the income as house property. The Tribunal's decision was supported by the principle that a position maintained over different assessment years should not be altered without new facts. The Supreme Court's ruling in M/s. Radhasoami Satsang emphasizes this principle. The High Court found no substantial question of law in the matter.
The case involves determining whether income from a property owned by the assessee should be classified as "income from house property" or "business income." The Revenue's interpretation of Section 22, suggesting a different treatment for those in the business of letting out properties, was rejected. The Tribunal allowed the appeals based on the principle of consistency, noting the AO's prior acceptance of the income as house property. The Tribunal's decision was supported by the principle that a position maintained over different assessment years should not be altered without new facts. The Supreme Court's ruling in M/s. Radhasoami Satsang emphasizes this principle. The High Court found no substantial question of law in the matter.
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