Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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CSR expenses claimed u/s 37(1) were disallowed as the assessee-company failed to prove how expenses like building classrooms, toilets, installing LED lights or planting trees were incidental to its business of rendering engineering/architectural consultancy services. The Tribunal relied on a judgment without considering the applicability of Section 135 of the Companies Act, 2013, dealing with Corporate Social Responsibility (CSR), based on the relevant financial year ending March 31, 2013. The High Court held that the Tribunal's order was incorrect and remitted the matter for a fresh decision after providing an opportunity of hearing to the parties, considering the applicability of Section 135 for the relevant financial year.
CSR expenses claimed u/s 37(1) were disallowed as the assessee-company failed to prove how expenses like building classrooms, toilets, installing LED lights or planting trees were incidental to its business of rendering engineering/architectural consultancy services. The Tribunal relied on a judgment without considering the applicability of Section 135 of the Companies Act, 2013, dealing with Corporate Social Responsibility (CSR), based on the relevant financial year ending March 31, 2013. The High Court held that the Tribunal's order was incorrect and remitted the matter for a fresh decision after providing an opportunity of hearing to the parties, considering the applicability of Section 135 for the relevant financial year.
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