SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
This is a summary of a court ruling regarding the eligibility criteria for availing the benefits of the Direct Tax Vivad Se Vishwas scheme. The court held that the scheme's prohibition applies only to individuals against whom prosecution has been initiated or who have been convicted under specified Acts like the Prevention of Money Laundering Act or the Prevention of Corruption Act. However, if an individual has been acquitted before filing the declaration, they are not barred from settling the dispute under the scheme. The High Court allowed the writ petition, granting the respondents liberty to recall the order if the petitioner's conviction is upheld by the Delhi High Court.
This is a summary of a court ruling regarding the eligibility criteria for availing the benefits of the Direct Tax Vivad Se Vishwas scheme. The court held that the scheme's prohibition applies only to individuals against whom prosecution has been initiated or who have been convicted under specified Acts like the Prevention of Money Laundering Act or the Prevention of Corruption Act. However, if an individual has been acquitted before filing the declaration, they are not barred from settling the dispute under the scheme. The High Court allowed the writ petition, granting the respondents liberty to recall the order if the petitioner's conviction is upheld by the Delhi High Court.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4879 
