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...
Trust established before enactment of Income Tax Act, 1961 entitled to pay honorarium to trustees as per Memorandum of Association without violating Section 13(1)(c). Assessing Authority erred in denying exemption u/s 11 by treating entire income as taxable. Tribunal rightly allowed depreciation claim following its own precedent. High Court upheld Tribunal's decision granting exemption u/s 11 and allowing depreciation.
Trust established before enactment of Income Tax Act, 1961 entitled to pay honorarium to trustees as per Memorandum of Association without violating Section 13(1)(c). Assessing Authority erred in denying exemption u/s 11 by treating entire income as taxable. Tribunal rightly allowed depreciation claim following its own precedent. High Court upheld Tribunal's decision granting exemption u/s 11 and allowing depreciation.
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