Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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Tax residency certificate issued by Singaporean authorities is statutory evidence of the company's residency, and the burden lies on the Revenue authorities to establish that the entity was formed solely to avail tax treaty benefits without any actual economic activity. The company was incorporated in 1996, and the relevant investments were made in 2012, 16 years later. The company is an actual operating entity conducting regular business, generating revenue from sale of goods, employing staff, and recognized by Singapore's Economic Development Board as the Asia Pacific headquarters and regional trading hub. The company has consistently filed returns in India and availed treaty benefits for several years without objection from the tax authorities. Without assigning reasons for deviating from the rule of consistency, the Dispute Resolution Panel could not sustain the draft addition alleging tax evasion and treaty shopping. The assessee's submissions establish that the transaction was a long-term investment decision by an entity with sufficient operational structure in Singapore.
Tax residency certificate issued by Singaporean authorities is statutory evidence of the company's residency, and the burden lies on the Revenue authorities to establish that the entity was formed solely to avail tax treaty benefits without any actual economic activity. The company was incorporated in 1996, and the relevant investments were made in 2012, 16 years later. The company is an actual operating entity conducting regular business, generating revenue from sale of goods, employing staff, and recognized by Singapore's Economic Development Board as the Asia Pacific headquarters and regional trading hub. The company has consistently filed returns in India and availed treaty benefits for several years without objection from the tax authorities. Without assigning reasons for deviating from the rule of consistency, the Dispute Resolution Panel could not sustain the draft addition alleging tax evasion and treaty shopping. The assessee's submissions establish that the transaction was a long-term investment decision by an entity with sufficient operational structure in Singapore.
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