Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
Disallowance of deduction claimed u/s 36(1)(vii) was set aside, allowing bad debts relating to non-rural branches without adjusting against provision for bad and doubtful debts (PBDD) account, since PBDD relates to rural advances only. Addition u/s 14A for expenditure in relation to exempt income to book profit u/s 115JB was dismissed in favor of the assessee. Addition of provisions for wage arrears, ex-gratia, and bonus while computing book profits u/s 115JB was remitted back to the CIT(A) for fresh decision. Disallowance u/s 14A read with Rule 8D was rejected, as dividend income cannot be treated as expenditure. Deduction u/s 36(1)(viia) for rural branches was remitted back to the AO to consider the latest/provisional census. Payments to National Payments Corporation of India and Visa Worldwide for switch charges, ATM charges, and fees were directed to be allowed, following earlier decisions.
Disallowance of deduction claimed u/s 36(1)(vii) was set aside, allowing bad debts relating to non-rural branches without adjusting against provision for bad and doubtful debts (PBDD) account, since PBDD relates to rural advances only. Addition u/s 14A for expenditure in relation to exempt income to book profit u/s 115JB was dismissed in favor of the assessee. Addition of provisions for wage arrears, ex-gratia, and bonus while computing book profits u/s 115JB was remitted back to the CIT(A) for fresh decision. Disallowance u/s 14A read with Rule 8D was rejected, as dividend income cannot be treated as expenditure. Deduction u/s 36(1)(viia) for rural branches was remitted back to the AO to consider the latest/provisional census. Payments to National Payments Corporation of India and Visa Worldwide for switch charges, ATM charges, and fees were directed to be allowed, following earlier decisions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
